Fraud Investigation Launches for WM Technology, Inc. Shareholders

Overview of the Investigation

The Schall Law Firm, a prominent national shareholder rights litigation firm, has initiated an investigation for investors of WM Technology, Inc. (NASDAQ: MAPS) to examine potential violations of securities laws by the company.

Key Allegations and SEC Litigation

The investigation centers on whether WM Technology issued misleading statements or failed to disclose crucial information affecting investors. Following an SEC litigation release on September 25, 2024, the SEC charged WM Technology, Inc., former CEO Christopher Beals, and former CFO Arden Lee for negligent misrepresentations related to a key operating metric, the ‘monthly active users’ (MAU), for the company’s online cannabis marketplace. As part of a settled administrative proceeding, WM Technology agreed to pay a civil penalty of $1,500,000.

Opportunity for Affected Shareholders

If you are a shareholder who experienced losses due to these events, you have the chance to participate in the investigation. Click the link provided to join the inquiry.

Learn More

For further information or to discuss your rights at no cost, reach out to Brian Schall at the Schall Law Firm in Los Angeles. The firm specializes in securities class action lawsuits and shareholder rights litigation, representing investors globally.

Disclaimer

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