SoFi faces allegations of accounting irregularities regarding its loan portfolio, alongside claims of failing to disclose financing of secured lending programs.
2 reports, 2 independent
Updated Jul 30
Gone quiet
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New informationRepeats or wire copies
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What happened
SoFi faces allegations of accounting irregularities regarding its loan portfolio, alongside claims of failing to disclose financing of secured lending programs.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.Muddy Waters Research targets SoFi with short reports, amid Melvin Capital's short squeeze.1 source
SoFi under scrutiny by SEC over accounting irregularities and undisclosed financing.1 source
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The entities involved
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SoFi
American financial services company
- SoFi lost a major client, Chime, due to its own charter pursuit, and Fed rate hikes are increasing deposit costs and affecting loan demand.
- Nvidia CEO Jensen Huang spoke at a conference in Seoul. Meanwhile, Anthony Noto bought SoFi stock, Elon Musk purchased Tesla stock, and Jamie Dimon bought shares of JPMorgan Chase.
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Muddy Waters Research
American stock market research company and investment firm
Nothing else this week.
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SEC
Slovak company
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