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Financials : Banks | Large Cap Value
Company profile

Bank of America Corporation is a bank holding company and a financial holding company. The Company is a financial institution, serving individual consumers, small- and middle-market businesses, institutional investors, corporations and governments with a range of banking, investing, asset management and other financial and risk management products and services. The Company, through its banking and various non-bank subsidiaries, throughout the United States and in international markets, provides a range of banking and non-bank financial services and products through four business segments: Consumer Banking, which comprises Deposits and Consumer Lending; Global Wealth & Investment Management, which consists of two primary businesses: Merrill Lynch Global Wealth Management and Bank of America Private Bank; Global Banking, which provides a range of lending-related products and services; Global Markets, which offers sales and trading services and research services.

This security is an American depositary receipt
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Closing Price
Day's Change
0.1699 (0.73%)
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Tenet Fintech Group Inc. Shareholder Alert: Robbins LLP Informs Investors that Tenet Fintech Group Inc. f/k/a Peak Fintech Group Inc. (PKKFF) is Being Sued for Misleading Investors

10:41 am ET November 29, 2021 (BusinessWire) Print

Shareholder rights law firm Robbins LLP informs investors that a class action was filed on behalf of all persons and entities that purchased Tenet Fintech Group Inc. f/k/a Peak Fintech Group Inc. (OTC: PKKFF) securities between September 2, 2021 and October 13, 2021. The complaint alleges violations of the Securities Exchange Act of 1934. Tenet Fintech purports to be the parent company of innovative financial technology subsidiaries operating in China's commercial lending industry.

If you suffered a loss due to Tenet Fintech Group Inc.'s misconduct, click here.

Tenet Fintech Group Inc. (PKKFF) Misled Investors Regarding its Acquisitions

According to the complaint, Tenet Fintech, then known as Peak Fintech Group Inc., began trading on the NASDAQ on September 9, 2021. At that time, the Company, through its wholly owned subsidiary Wuxi Aorong Ltd., purportedly owned 51% of Asia Synergy Financial Capital Ltd. ("ASFC"). On September 14, 2021, the Company issued a press release announcing the acquisition of the Heartbeat Insurance Platform from Huayan Kun Tai Technology Company Ltd. However, the Company did not own 51% of ASFC and Huayan did not own the Heartbeat platform.

On September 28, 2021, Tenet Fintech withdrew its Form 40-K filed with the SEC and stated that its common shares would no longer be listed on the NASDAQ. On September 30, 2021, the Company's shares began trading on the OTC. As a result, the Company's share price fell over 17%, to close at $7.50 on September 30, 2021.

On October 4, 2021 and again on October 13, 2021, Grizzly Reports published articles challenging the ownership of the Company's assets and noting suspicious transactions and self-dealing.

If you purchased Tenet Fintech Group Inc. (PKKFF) securities between September 2, 2021 and October 13, 2021, you have until January 18, 2022, to ask the court to appoint you lead plaintiff for the class.

All representation is on a contingency fee basis. Shareholders pay no fees or expenses.

Contact us to learn more:

Aaron Dumas (800) 350-6003 Shareholder Information Form

About Robbins LLP: A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002. To be notified if a class action against Tenet Fintech Group Inc. settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today.

Attorney Advertising. Past results do not guarantee a similar outcome.

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Aaron Dumas
Robbins LLP
5040 Shoreham Place
San Diego, CA 92122 
(800) 350-6003
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