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WM TECHNOLOGY ALERT: Bragar Eagel & Squire, P.C. is Investigating WM Technology, Inc. on Behalf of WM Technology Stockholders and Encourages Investors to Contact the Firm
WM TechnologyWM Technology(US:MAPS) GlobeNewswire News Roomยท2024-10-01 01:00

Core Viewpoint - WM Technology, Inc. is under investigation for potential violations of federal securities laws and unlawful business practices, following charges from the SEC regarding negligent misrepresentations in its reporting of "monthly active users" [2][1] Group 1: SEC Charges and Financial Impact - The SEC charged WM Technology, its former CEO Christopher Beals, and former CFO Arden Lee for negligent misrepresentations related to the company's key operating metric, "monthly active users" [2] - WM Technology agreed to pay a civil penalty of $1,500,000 as part of the SEC's administrative proceedings [2] - Following the SEC announcement, WM Technology's stock price fell by 1.9% on September 25, 2024 [2] Group 2: Legal Representation and Investor Rights - Bragar Eagel & Squire, P.C. is investigating potential claims on behalf of WM Technology stockholders who may have suffered losses [1][3] - The law firm encourages long-term stockholders or those with information to reach out for more details regarding their rights and interests [3]