NEW YORK--(BUSINESS WIRE)--Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at World Acceptance Corporation (“World Acceptance” or the “Company”) (NASDAQ:WRLD).
The investigation focuses on whether the Company and its executives violated federal securities laws. Specifically, after market close on June 14, 2017, World Acceptance filed a Form 12b-25 with the Securities and Exchange Commission disclosing that the Company is unable to file its annual report while it conducts an internal probe in its Mexican operations. According to the filing, the Company is “focusing on the legality under the U.S. Foreign Corrupt Practices Act and certain local laws of certain payments related to loans, the maintenance of the Company’s books and records associated with such payments, and the treatment of compensation matters for certain employees.”
On this news, the Company’s share price has declined during intraday trading on June 15, 2017, causing harm to investors.
If you invested in World Acceptance stock or options and would like to discuss your legal rights, click here: www.faruqilaw.com/WRLD. There is no cost or obligation to you.
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