Wins Finance Losses Update: Securities Class Action Lawsuit Against Wins Finance Holdings Inc. (WINS)

investment fraud attorney ClevelandWins Finance Holdings (NASDAQ: WINS) has been accused of making false or misleading statements regarding its projected earnings, valuation, and future business operations that artificially inflated the price of the company’s shares, in an investor lawsuit recently filed against it.

Wins Finance was sued after published, on March 30, 2017, an article stating that the SEC is actively investigating Wins Finance for alleged “market manipulation.” When this news was announced, the stock price of Wins Finance fell, causing considerable losses to its investors.

The lawsuit against Wins Finance alleges that defendants made false or misleading statements or failed to disclose that: (1) Wins did not maintain a U.S. headquarters; (2) Wins had intentionally misrepresented its headquarters to gain inclusion on the Russell indexes; (3) Wins was not in compliance with SEC regulations; and (4) Wins failed to maintain adequate internal controls. When the true details entered the market, the investors suffered damages, the lawsuit alleges.

Wins investors who wish to serve as lead plaintiff in the recently-filed class action must move the Court no later than June 5, 2017. If you wish to join the litigation, please contact Alan Rosca at (888) 998-0520 or by email at

This message includes attorney advertising. Please visit for important disclosures about the Peiffer Rosca Wolf law firm and its attorneys’ admissions. Peiffer Rosca Wolf Abdullah Carr & Kane, A Professional Law Corporation (“Peiffer Rosca Wolf”).

phil korosec (1252 Posts)

In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.