
Several US regulatory agencies have asked Freedom Holding for information, said a company spokeswoman, adding that none of the authorities have filed any charges against the fintech firm.
Earlier this week, CNBC reported that Freedom is being investigated by the U.S. Department of Justice and the Securities and Exchange Commission over compliance issues, insider stock moves, and an offshore affiliate tied to sanctioned individuals.
Timur Turlov, head of Freedom Holding, said: 'It's a good thing. ''
The SEC declined to comment on the existence or nonexistence of a possible investigation, whereas the Department of Justice did not immediately respond to Reuters requests for comment.
In August, Freedom was under attack from Hindenburg that said its research into the company revealed 'hallmark signs of fake revenue' and market manipulation in both its stocks and investments, as well as evidence it 'brazenly skirts sanctions'.
The allegations in the report are without merit, Freedom said in a statement.