An investigation on behalf of investors of Re/Max Holdings Inc (NYSE:RMAX) shares over potential securities laws violations by Re/Max Holdings Inc and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Re/Max Holdings Inc (NYSE:RMAX) concerning whether a series of statements by Re/Max Holdings Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Denver, CO based RE/MAX Holdings, Inc. is a franchisor in the real estate industry, franchising real estate brokerages around the world under the RE/MAX brand and mortgage brokerages within the United States under the Motto Mortgage brand.

Re/Max Holdings Inc reported that its annual Total Revenue rose declined from $176.87 million in 2105 to $176.30 million in 2016 and that its Net Income increased from $16.66 million in 2015 to $22.74 million in 2016.

Shares of Re/Max Holdings Inc (NYSE:RMAX) grew from $30.95 per share in February 2016 to as high as $67.50 per share on October 27, 2017.

On November 2, 2017, Re/Max Holdings Inc stated that its board of directors appointed a special committee to investigate allegations concerning actions of certain members of the Companys senior management including an allegation of a previously undisclosed loan of personal funds from David L. Liniger, the Companys Co-Chief Executive Officer and Chairman, to Adam M. Contos, the Companys Co-Chief Executive Officer, and allegations of wrongdoing in employment practices and conduct. As a result, Re/Max Holdings Inc announced the Company will delay its third quarter 2017 earnings release and conference call pending further work in connection with the internal investigation.

Shares of Re/Max Holdings Inc (NYSE:RMAX) declined to $55.20 per share on November 3, 2017.