An investigation on behalf of investors of World Acceptance Corporation (NASDAQ: WRLD) shares over potential securities laws violations by World Acceptance 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 World Acceptance Corporation (NASDAQ: WRLD) concerning whether a series of statements by World Acceptance regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Greenville, SC based World Acceptance Corporation engages in small-loan consumer finance business. The company offers short-term small and medium-term larger installment loans, as well as related credit insurance and ancillary products and services to individuals. World Acceptance Corporation reported that its Total Revenue rose from $531.73 million for the 12 months period that ended on March 31, 2017 to $548.7 million for the 12 months period that ended on March 31, 2018 and that its Net Income over those respective time periods declined from $73.6 million to $53.69 million.

Shares of World Acceptance Corporation (NASDAQ: WRLD) declined from $121.00 per share on September 20, 2018 to as low as $98.50 per share on October 11, 2018.