An investigation for investors in Ladenburg Thalmann Financial Services Inc. (NYSE: LTS) shares over potential securities laws violations by Ladenburg Thalmann Financial Services Inc. was announced
San Diego, CA -- (SBWIRE) -- 10/03/2018 -- An investigation was announced concerning possible securities laws violations by Ladenburg Thalmann Financial Services Inc. and certain of its directors and officers in connection with certain financial statements.
Investors who purchased shares of Ladenburg Thalmann Financial Services Inc. (NYSE: LTS), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Ladenburg Thalmann Financial Services Inc. (NYSE: LTS) concerning whether a series of statements by Ladenburg Thalmann Financial Services Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Miami, FL base Ladenburg Thalmann Financial Services Inc. operates as a diversified financial services company in the United States.
Ladenburg Thalmann Financial Services Inc. reported that its annual Total Revenue rose from over $1.1 billion in 2016 to over $1.26 billion in 2017 and that its Net Loss of $22.26 million in 2016 turned into a Net Income of $7.69 million in 2017.
On September 7, 2018, the Securities and Exchange Commission ("SEC") announced charges against Phillip Frost, the Chairman of Ladenburg Thalmann's Board of Directors, alleging he participated in a scheme to manipulate the stock prices of two microcap companies.
On September 18, 2018, an article published on Seekingalpha.com by Hindenburg Investment Research asserted that the charges against Frost will have a negative impact on Ladenburg Thalmann's business going forward.
Shares of Ladenburg Thalmann Financial Services Inc. (NYSE: LTS) declined from $3.81 per share in May 2018 to as low as $2.32 per share on September 19, 2018.
Those who purchased shares of Ladenburg Thalmann Financial Services Inc. (NYSE: LTS) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, 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, investigation, and/or settlements are not filed/reached and/or 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.
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