BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of investors of Citizens, Inc. (“Citizens” or the “Company”) (NYSE: CIA) investors concerning the Company and its officers’ possible violations of federal securities laws.
On March 8, 2017, Seeking Alpha published an article alleging that Citizens sells insurance policies through a network of brokers who prey on foreign families and retirees with promises of “guaranteed returns” backed by U.S. Treasuries. According to the article, Citizens was using a portion of the premiums paid by policyholders to make open market purchases of Citizens stock—artificially propping up the Company’s stock price. On this news, shares of Citizens fell nearly 4% on March 8, 2017.
If you purchased Citizens securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at www.howardsmithlaw.com.
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