Silver Law Group is investigating Jiayin Group Inc. (JFIN) on behalf of investors in the company regarding whether the company and its officers or directors engaged in securities fraud.
If you have losses from investing in Jiayin Group Inc. (JFIN) stock, contact Silver Law Group for a no-cost consultation at (800) 975-4345 or by email at email@example.com.
Jiayin Group Inc. (JFIN), a Chinese company founded in 2011, operates an online financial marketplace that connects borrowers and investors.
Jiayin Group Inc. (JFIN) Press Release
On September 2, 2020, a press release by Jiayin announced financial results for the second quarter of 2020, which showed revenue of $34.7 million, missing estimates by over $9 million. The news caused the stock price to drop by almost 23%, causing losses for shareholders.
If you know of information that could be useful to this investigation, please contact us.
Initial Public Offering And Underwriting
Jiayin held its initial public offering (IPO) in May, 2019, raising almost $30 million in net proceeds by offering 3,500,000 shares at $10.50 per share. Roth Capital Partners was the book running manager with Shenwan Hongyuan Securities Limited as co-manager for the offering.
Recovering Money Lost With Jiayin Group Inc. (JFIN) Stock
If you suffered losses with Jiayin Group Inc. (JFIN), we’d like to hear from you. Contact us to discuss your legal rights and potential options to recover your losses.
The Financial Industry Regulatory Authority (FINRA) has issued a warning to investors regarding “China” stocks. Chinese companies are under increasing scrutiny from US regulators. Recently, the chairman of the SEC warned that disclosures in emerging markets, including China, are more likely to be “incomplete or misleading.”
Silver Law Group represents investors who have been the victims of investment fraud. Our attorneys represent investors in class actions against issuers in state or federal court and investors in securities arbitration claims against Wall Street firms for stockbroker misconduct.
Scott Silver, Silver Law Group’s managing partner, is the chairman of the Securities and Financial Fraud Group of the American Association of Justice and represents investors nationwide in securities investment fraud cases. Please contact Scott Silver for a consultation at firstname.lastname@example.org or toll free at (800) 975-4345.