AX - SHAREHOLDER ALERT: Axos Financial Investigated for Securities Fraud Violations by Block & Leviton | Benzinga
BOSTON, June 04, 2024 (GLOBE NEWSWIRE) -- Block & Leviton is investigating Axos Financial (NYSE:AX) for potential securities law violations. Investors who have lost money in their Axos Financial investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://blockleviton.com/cases/ax.
What is this all about?
Shares of Axos Financial fell significantly Tuesday morning after Hindenburg Research published a report alleging the company is "exposed to the riskiest asset classes with lax underwriting standards and a loan book filled with multiple glaring problems." The report describes schemes to hide underperforming loans, including "providing loans to non-performing or doubtful borrowers to avoid recognizing problems," and a so-called "extend and pretend" scheme.
Who is ...