The Law Offices of Frank R. Cruz Announces Investigation of Axos Financial, Inc. (AX) on Behalf of Investors

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Axos Financial, Inc. (“Axos” or the “Company”) (NYSE: AX) on behalf of investors concerning the Company’s possible violations of federal securities laws.

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On June 4, 2024, Hindenburg Research published a report alleging, among other things, that Axos is “a company exposed to the riskiest asset classes with lax underwriting standards and a loan book filled with multiple glaring problems,” with former employees stating that bad credit scores “didn’t kill a deal” and that there was no minimum net worth or minimum liquidity requirements. Additionally, the report states that a former Axos credit officer brought a suit for wrongful termination in March 2022, “claiming [the Company] retaliated against her attempts to raise concerns about compliance at the bank.”

On this news, Axos’s stock price fell as much as 14% during intraday trading on June 4, 2024, thereby injuring investors.

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If you purchased Axos 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 Frank R. Cruz, of The Law Offices of Frank R. Cruz, 2121 Avenue of the Stars, Suite 800, Century City, California 90067 at 310-914-5007, by email to [e-mail], or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

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