April 7, 2017, (Update) - On March 30, 2017, an article was published stating that the U.S. Securities and Exchange Commission is actively investigating Wins Finance Holdings Inc. for alleged market manipulation. Additionally, the article stated that Wins Finance Holdings Inc. had tricked the Russell Index into including WINS based on its Home Country Indicator Test.

December 20, 2016 (Shareholders Foundation) - An investigation on behalf of investors of Wins Finance Holdings Inc (NASDAQ:WINS) shares over potential securities laws violations by Wins Finance Holdings and certain of its directors and officers in connection certain financial statements was announced.

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

New York based, Wins Finance Holdings Inc. is an investment and asset management company, and is an integrated lending solution provider serving small-and-medium sized enterprises in Jinzhong City, Shanxi Province and Beijing, China. Shares of Wins Finance Holdings Inc (NASDAQ:WINS) reached as high as $190.24 per share in early December 2016.

On December 9, 2016, an analyst published a report calling into question Wins Finance Holdings Incs managements past actions, and providing evidence suggesting that Wins Finance Holdings Inc may be the subject of paid stock promotions.

On December 12, 2016, another report by the same analyst was published that a site visit to Wins Finance Holdings Incs purported headquarters had revealed that Wins Finance Holdings Inc did not have offices there, suggesting that Wins Finance Holdings Inc may have misled investors about its business operations.

Shares of Wins Finance Holdings Inc (NASDAQ:WINS) declined to as low as $79.21 per share on December 14, 2016.