Investigation announced for Investors who lost money with Axos Financial, Inc. (NYSE: AX) over possible Violations of Securities Laws

An investigation was announced for investors of Axos Financial, Inc. (NYSE: AX) shares over potential securities laws violations by Axos Financial, Inc. in connection with certain financial statements.

Investors who purchased shares of Axos Financial, Inc. (NYSE: AX), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Axos Financial, Inc. (NYSE: AX) concerning whether a series of statements by Axos Financial, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Las Vegas, NV based Axos Financial, Inc., together with its subsidiaries, provides consumer and business banking products in the United States. Axos Financial, Inc. reported that its Total rose from $705.33 million for the 12 months period that ended on June 30, 2022 to $890.17 million for the 12 months period that ended on June 30, 2023, and that its Net Income increased over those time periods from $240.71 million to $307.16 million.

On June 4, 2024, Hindenburg Research released a report about Axos Financial, Inc. This report raised serious concerns about Axos Financial's credit metrics, suggesting potential manipulation or distortion, particularly highlighting that the disclosed loan-to-value (LTV) ratios in commercial real estate were significantly lower than those of its peers. Hindenburg Research pointed out that Axos' LTV ratios were 17% less than the median average of nine similar financial entities. Furthermore, accusations from a former credit review officer, which were documented in litigation records, claimed that Axos habitually misrepresented the average LTV ratios of its loans to investors.

Shares of Axos Financial, Inc. (NYSE: AX) declinde from $63 per hsare on May 15, 2024, to as low as $44.10 per share on June 04, 2024.

Those who purchased shares of Axos Financial, Inc. (NYSE: AX) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.