Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Wins Finance Holdings Inc (NASDAQ: WINS) violated securities laws in connection with certain financial statements.
The investigation seeks to discover if possible claims on behalf of purchasers of the securities of Wins Finance Holdings Inc (NASDAQ: WINS) concerning whether a series of statements by Wins Finance Holdings Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On December 9, 2016, a report was released questioning WINS's management's past actions and gave supporting evidence suggesting that the Company may be the subject of paid stock promotions.
On this news, NASDAQ: WINS fell from $172.51 per share to $138.00.
On December 12, 2016, a follow-up report was released by the same analyst claiming that the Company was “not located at the address that it claims” and that the Company’s CFO was connected to a company delisted because of stock manipulation.
On this news, NASDAQ: WINS fell another 19.8% to close at $110.62 per share.
Based in Beijing, China, and founded in 2006 Wins Finance Holdings Inc provides financing solutions to small and medium enterprises in China.
If you purchased shares of Wins Finance Holdings Inc (NASDAQ: WINS) on or before December 9, 2016, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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