Priya Patel
TLDR:
– SEC has charged Robinhood for engaging in deceptive practices
– The company has agreed to pay a $65 million settlement
Rosen Law Firm, a global investor counsel, is urging investors in Future FinTech Group Inc. to seek legal representation before the upcoming deadline in the securities class action initiated by the firm.
The law firm encourages investors who have suffered losses on their investment in Future FinTech Group Inc. to take immediate action to protect their rights by contacting the firm before the September 23, 2021 deadline.
Future FinTech Group Inc., a company engaged in the production and sale of fruit-related products and beverages, has been accused of making misleading statements and failing to disclose adverse information regarding its business and operations.
In June 2020, Rosen Law Firm filed a class action lawsuit on behalf of shareholders who purchased the securities of Future FinTech Group between June 29, 2018, and April 2, 2019.
The lawsuit alleges that Future FinTech Group made false and/or misleading statements and failed to disclose material adverse information during the class period, causing investors to suffer losses.
The case centers around the company’s involvement in an alleged scheme to artificially inflate its stock price through a series of undisclosed related-party transactions.
In addition to the securities class action, Future FinTech Group is also facing scrutiny from the U.S. Securities and Exchange Commission (SEC).
The SEC has charged the company and its former chief executive officer with conducting fraudulent and deceptive practices, including making false and misleading statements to investors.
As part of a settlement with the SEC, Future FinTech Group has agreed to pay a $65 million penalty. The settlement also requires the company to cease and desist from committing future violations of securities laws.
Rosen Law Firm is urging investors who suffered losses to join the class action to potentially recover their investment losses.
The law firm is advising investors to seek legal representation to ensure their rights and interests are protected in the litigation process.
Investors who wish to serve as lead plaintiff in the class action must move the court no later than September 23, 2021.
Rosen Law Firm specializes in representing investors in securities class actions, providing the expertise necessary to navigate complex legal proceedings and advocate for their clients’ rights.
Investors are encouraged to contact the firm to discuss their legal options and the potential to recover their losses.
The law firm’s website provides additional information about the class action and the steps investors need to take to participate in the litigation.
Future FinTech Group investors should not delay in seeking legal counsel, as the deadline to join the class action is quickly approaching.
