Core Viewpoint - Axos Financial, Inc. is under investigation for potential violations of federal securities laws and unlawful business practices following a report by Hindenburg Research that raised concerns about the company's credit metrics and loan-to-value ratios [1][2]. Group 1: Investigation and Legal Actions - Bragar Eagel & Squire, P.C. is investigating potential claims against Axos on behalf of its stockholders [1]. - The investigation is focused on whether Axos has engaged in unlawful business practices or violated federal securities laws [1]. Group 2: Hindenburg Research Report - Hindenburg Research released a report on June 4, 2024, indicating serious concerns regarding Axos' credit metrics [2]. - The report highlighted that Axos' loan-to-value (LTV) ratios in commercial real estate were 17% lower than the median average of nine similar financial entities [2]. - Accusations from a former credit review officer suggested that Axos misrepresented the average LTV ratios of its loans to investors [2]. Group 3: Market Reaction - Following the release of the Hindenburg Research report, Axos' share price experienced a decline in pre-market trading on June 4, 2024 [2].
AXOS ALERT: Bragar Eagel & Squire, P.C. is Investigating Axos Financial, Inc. on Behalf of Axos Stockholders and Encourages Investors to Contact the Firm