Freedom Holding Corp. clarified on June 4 that a U.S. Securities and Exchange Commission (SEC) investigation remains ongoing. This statement corrects June 3 comments from CEO Timur Turlov, who suggested the review had concluded.
The company and Turlov received an SEC Wells Notice in March 2026. This notice indicates a preliminary recommendation for civil enforcement action regarding the firm's accounting for internalized trades.
Freedom Holding has submitted formal objections and maintains its disagreement with the SEC's findings. The unresolved investigation may continue to restrict the firm's ability to raise capital or secure new licenses.