Freedom Holding down 2% after Citron says ‘has FTX written all over it’

Shares of Freedom Holding are lower after Citron Research issued a short report in which the firm states: "We all look back at FTX and question how it happened… This story only scratches the surface of the numerous concerns surrounding the accuracy of Freedom Holdings’ financial reports and future projections. There are still many unanswered questions about the divestiture of their Russian arm and whether the transaction is legitimate… While the issue of violating war sanctions is discussed in this report, the flaws and misrepresentation of their business are not adequately addressed. Ultimately, if FFIN is treated as a subsidiary rather than a related party, FRHC would be required to restate all financials and would be in violation of Russian War Sanctions, which could result in delisting. These are critical issues that require further investigation and attention from regulators and investors."