Rosen Law Firm Investigates XP Inc. for Potential Securities Fraud Claims

Investigation into XP Inc.

The Rosen Law Firm, renowned globally for its dedication to investor rights, has embarked on an in-depth investigation concerning potential securities claims for shareholders of XP Inc. This scrutiny arises from serious allegations suggesting that XP may have misled the investing public with materially inaccurate business information. As details unfold, investors are urged to stay informed and consider their legal options.

Understanding the Allegations

On March 12, 2024, a report released by Grizzly Research titled "XP's (Nasdaq XP) Entire Profits Are Dependent on What Insiders Call a 'Madoff-Like Ponzi Scheme'" accused XP Inc. of functioning as a massive Ponzi scheme. According to the report, the Brazilian fintech, listed on Nasdaq, has been misrepresenting its financial stability and profitability. Instead of genuine trading profits, the company allegedly utilized certain derivatives sales funneled through specialized funds to disguise losses. This shocking revelation led to a 5.4% drop in XP’s stock on the same day.

What Investors Should Know

Investors who purchased securities from XP Inc. might be eligible for compensation under a contingency fee arrangement, which means no upfront costs are required. The Rosen Law Firm is taking steps to prepare a class action lawsuit aiming to recover losses suffered by investors as a result of the misleading information.

Next Steps for Affected Investors

For those interested in joining the potential class action against XP Inc., contacting the Rosen Law Firm is crucial. Investors can fill out an online form at their website or directly call Phillip Kim, Esq., to obtain further information. Contact methods include:

- Phone: 866-767-3653
- Email: info@rosenlegal.com

This will facilitate joining other shareholders seeking justice and compensation for their financial losses.

Why Choose the Rosen Law Firm

Rosen Law Firm is highly regarded for its successful track record in representing investors. It has achieved significant milestones in securities class action settlements, including a record-setting agreement against a Chinese company. As recognized by ISS Securities Class Action Services, the firm ranked first in securities class action settlements in 2017 and has maintained a top-four position in subsequent years, recovering hundreds of millions for investors collectively.

Founding partner Laurence Rosen has been named a titan in the Plaintiffs' Bar by Law360, highlighting the firm’s commitment and proficiency in pursuing justice for aggrieved investors. With a team of attorneys recognized by esteemed entities like Lawdragon and Super Lawyers, the firm's legal expertise is unparalleled in the realm of investor rights.

Follow for Updates

Rosen Law Firm encourages interested parties to stay connected through its social media channels for updates and more information on the ongoing developments regarding the XP Inc. case. The firm can be engaged on:

Conclusion

In light of the serious allegations against XP Inc., shareholders are advised to carefully evaluate their options. The Rosen Law Firm stands ready to assist those adversely affected; it is a time for investors to empower themselves and pursue the compensation they rightfully deserve.