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Freedom Holding Corp. (FRHC)

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Moderator: HMB2010, Quintessence
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Last Post: 10/16/2019 3:29:35 PM - Followers: 70 - Board type: Free - Posts Today: 4






Share Structure:

Authorized Shares: 500,000,000
Outstanding Shares: 48,537,233 (updated per TA on 11-14-17)
Restricted Shares: 47,176,447
Float: 1,360,786

A description of business (from the 10-Q 11/14/2017)

Freedom Holding Corp. is a Nevada corporation (“FRHC”) and was formerly known as BMB Munai, Inc. In 2015, FRHC entered into a Share Exchange and Acquisition Agreement with Timur Turlov (the “Acquisition Agreement”) to acquire several businesses owned by Timur Turlov in exchange for controlling interest in FRHC. As the acquisitions are completed these businesses have become operating subsidiaries of FRHC. FRHC is building an international brokerage, banking, and financial services firm to meet the demand of a growing number of investors in Russia and Kazakhstan that desire financial services integration and greater access to the financial opportunities, relative stability, and integrity of the U.S. securities markets.
Pursuant to the Acquisition Agreement, FRHC acquired FFIN Securities, Inc., a Nevada corporation, (“FFIN”) from Timur Turlov and controlling interest in FRHC was transferred to him. FFIN was established to create or acquire a registered broker-dealer in the United States. At the same time, FRHC began upgrading the financial reporting capabilities of its foreign acquisition candidates to meet the regulatory standards imposed upon FRHC as an SEC registrant and pursuing the governmental approvals to permit FRHC ownership of the acquisition candidates.
In June 2017, FRHC closed the acquisition of LLC Investment Company Freedom Finance, a Russian limited liability company (“Freedom RU”) as a wholly owned subsidiary, which included three wholly owned operating subsidiaries, including JSC Freedom Finance, a Kazakhstan joint stock company (“Freedom KZ”), LLC First Stock Store, a Russian limited liability company (“Freedom 24”) and LLC FFIN Bank, a Russian limited liability company (“FFIN Bank”). Freedom RU also maintains a representative office in Kazakhstan, referred to herein as “KZ Branch.” In 2017, FFIN decided to delay application for broker-dealer registration in the United States until such time as FRHC completes integration of its foreign operating subsidiaries.
Subsequent to the quarter end, in November 2017, we received final regulatory approval to complete the acquisition of FFINEU Investments Limited, a Cyprus limited company (“Freedom CY”) and closed the acquisition of Freedom CY on November 10, 2017. We also entered into an agreement to acquire LLC Freedom Finance Ukraine, a Ukranian limited liability company (“Freedom UA”), subject to receipt of required regulatory approvals.


Timur Turlov & Co...arrived in the USA for completion of acquisition  September 2017

Follow CEO Timur Turlov on Instagram!

On November 23, 2015, BMBM and Timur Turlov entered into the Acquisition Agreement, by which BMBM acquired FFIN, in exchange for 224,551,913 shares of BMBM’s common stock, which constituted approximately 80.1% of its 280,339,467 shares of issued and outstanding common stock after giving effect to such acquisition.

On June 29, 2017, BMBM closed the acquisition of LLC Investment Company Freedom Finance (Russia) (“Freedom RU”). The acquisition of Freedom RU included the securities brokerage and financial services business conducted by it in Russia, along with its wholly owned subsidiaries: JSC Freedom Finance (Kazakhstan) (“Freedom KZ”), and the securities brokerage and financial services business conducted by it in Kazakhstan; LLC FFIN Bank (Russia) (“FFIN Bank”), and the banking business conducted by it in Russia, LLC First Stock Store (Russia) (“FSS”), and the online securities marketplace it provides to Russian investors, and Branch Office of IC LLC Freedom Finance in Kazakhstan, (Kazakhstan) (“KZ Branch”) organized to serve as the representative office of Freedom RU in Kazakhstan.

November 6th, 2017 DONE!***Pursuant to the terms of the Acquisition Agreement, BMBM also has the right to acquire from Mr. Turlov 100% of the equity interests of FFINEU Investments Limited (Cyprus) (“Freedom CY”), and the securities brokerage and financial services business conducted by it in Cyprus. BMBM and Mr. Turlov are currently working with the Cyprus Securities and Exchange Commission to obtain necessary regulatory approval to transfer ownership to BMBM.

September 6th, 2017 A Reverse Stock Split (1:25) took effect.
October 11, 2017 Employee Incentive Program share dispersal announced.
November 14, 2017 10-Q  (Quarter ending Sept. 30, 2017)

Timur Turlov among expert panelists at the Mobile Services and Payments - MobiEvent'18. 



FFIN proposes to conduct business as a U.S. securities broker-dealer and proposes to file applications to become a member of FINRA and a licensed securities broker-dealer with the SEC and applicable state securities commissions. $FRHC to up-list to the NYSE (Spring 2018).

 All Edgar Filings
OTC Markets Filings


*Freedom Finance will act as the underwriter AND market maker for the IPO of the Bank of Astana



Soon http://ffin.us

Wikipedia Russia
Wikepedia US

Social Networks




Eastern Economic Forum   September 2017  Vladivostok, Russia

Kazakhstan/Cyprus Exchange Membership




Activity (volume ranking) KAZ

Ranked #1 2017

Activity (volume ranking) Moscow

           16 777 205 282     Ruble volume in November 2015

20 375 071 292    Ruble volume in July 2017


10300446 684716458252549 845562359821088958 n

Our Services

The experts at the Freedom Finance company have been engaged in investments in international financial markets for over 10 years. We offer you services in the investment industry. This is our lifetime project, and we know it inside out.
Discover new opportunities and invest with us in the top companies in the world!

*Brokerage services of exceptional quality and ability to trade on your own.

*Reliable access to trading on the world's major stock exchanges. 

*Asset management

*Smart technology in the asset trust management for those who want to discover new revenue opportunities.
Portfolios of dividend stocks, options strategies with limited risk, investing in gold or in the most technologically advanced companies in the world – just choose your investment strategy and entrust the work to the professionals. Balanced risk management and significant experience to ensure our clients' objectives achievement.

*The Freedom Finance Investment Company organizes access for qualified investors for trading of on the world's leading exchanges: NYSE (New York Stock Exchange), LSE (London Stock Exchange), European and Asian stock exchanges. The company's clients have access to more than 10 thousand various financial instruments - stocks of S&P500 and the world's leading companies, options, futures, corporate and government bonds, various investment funds (sector, index , margin, bond) and ETFs.




Current Price
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FRHC News: Certification by the Exchange Approving Securities for Listing (cert) 10/11/2019 09:20:07 AM
FRHC News: Securities Registration (section 12(b)) (8-a12b) 10/10/2019 03:06:55 PM
FRHC News: Current Report Filing (8-k) 10/02/2019 06:03:13 AM
FRHC News: Current Report Filing (8-k) 09/10/2019 11:58:35 AM
FRHC News: Quarterly Report (10-q) 08/09/2019 02:37:55 PM
#7093  Sticky Note Timur Turlov: Everyone has the freedom to be Quintessence 07/05/19 10:49:15 AM
#4932  Sticky Note Freedom Holding attracted more than $ 40 million HMB2010 03/22/18 02:23:34 PM
#7312   Thank for the update...TT is working at near The_Free_Nebula 10/16/19 03:29:35 PM
#7311   Thanks for posting Quin. HMB2010 10/16/19 03:06:38 PM
#7310   The volume will slow down for the rest Orangeman3 10/16/19 01:01:54 PM
#7309   Russian broker revealed to American investors Quintessence 10/16/19 11:40:56 AM
#7308   A bounce off the short term DMA and The_Free_Nebula 10/15/19 02:02:15 PM
#7307   On 4/9/2019 we saw a water shed trading The_Free_Nebula 10/15/19 11:22:55 AM
#7306   Congratulations to all longs. Been a heck of HMB2010 10/15/19 11:01:27 AM
#7305   $14.15 definitely looks like a pre-planned price for The_Free_Nebula 10/15/19 10:13:21 AM
#7304   Looks like big buyers around at 14.15 l Orangeman3 10/15/19 10:09:27 AM
#7303   144.2K shares traded in 30 minutes....it is going The_Free_Nebula 10/15/19 10:01:02 AM
#7302   could see 100K volume in first 30 minutes....Still The_Free_Nebula 10/15/19 09:46:34 AM
#7301   Yes and opened at $14.42 !$! HMB2010 10/15/19 09:35:01 AM
#7300   FRHC moved to the Nasdaq from the OTC: Renee 10/15/19 08:49:24 AM
#7299   Watching it live in insta Quin. First KZ HMB2010 10/15/19 08:36:03 AM
#7298   I love this part... The_Free_Nebula 10/15/19 07:41:01 AM
#7297   We are preparing at NYC for the opening Quintessence 10/15/19 06:40:21 AM
#7296   Serious accomplishment.... The_Free_Nebula 10/14/19 04:17:47 PM
#7295   Freedom Holding to list on St. Petersburg Exchange Quintessence 10/14/19 04:17:06 PM
#7294   Congrats to all, from empty shell pink to Mcur 10/14/19 03:40:20 PM
#7293   my thoughts exactly.....definitely looking forward to thee institutional The_Free_Nebula 10/14/19 02:22:03 PM
#7292   Yes, agreed. It is possible that trading Quintessence 10/14/19 02:15:04 PM
#7291   Big day for the company and shareholders tomorrow. The_Free_Nebula 10/14/19 01:56:49 PM
#7290   Wow. Well done! Top shelf in HMB2010 10/14/19 01:45:13 PM
#7289   Nice little video! Would be even better Quintessence 10/14/19 01:03:36 PM
#7288   Got to admit I am kind of giddy The_Free_Nebula 10/13/19 10:30:52 AM
#7287   $14 dollar holler. Way to go guys $$$. $FRHC Welcome2Pinkyland 10/11/19 03:20:23 PM
#7286   Looks like our big action is over for Orangeman3 10/11/19 02:26:38 PM
#7285   Need churn for the burn The_Free_Nebula 10/11/19 12:47:58 PM
#7284   Doesn't matter The_Free_Nebula 10/11/19 12:47:19 PM
#7283   I missed that vol call. Not sure why HMB2010 10/11/19 12:35:30 PM
#7282   What a great date. 10/15/19 HMB2010 10/11/19 11:35:31 AM
#7281   https://www.sec.gov/Archives/edgar/data/924805/000135445719000524/8A_Cert_FRHC.p shanak10 10/11/19 11:26:50 AM
#7280   880 pm. Could be another high vol day. HMB2010 10/11/19 08:40:34 AM
#7279   https://www.sec.gov/Archives/edgar/data/924805/000165495419011605/frhc_8a.htm shanak10 10/10/19 03:42:35 PM
#7278   Now if I can be so blessed to The_Free_Nebula 10/10/19 03:24:35 PM
#7277   Good call ! HMB2010 10/10/19 03:20:18 PM
#7276   I wonder it the frenzy is over for The_Free_Nebula 10/10/19 03:18:06 PM
#7275   nice... The_Free_Nebula 10/10/19 03:13:23 PM
#7274   Had my group pick up 11500 shares in Orangeman3 10/10/19 02:35:55 PM
#7273   That makes sense, get premarket action too from HMB2010 10/10/19 02:31:17 PM
#7272   In the meantime no trades for a while. Orangeman3 10/10/19 02:28:41 PM
#7271   Could be a record day except for $3mm HMB2010 10/10/19 01:51:52 PM
#7270   Great feeling riding the tip of the spear... The_Free_Nebula 10/10/19 12:59:25 PM
#7269   Sure looks like it! Almost 150k now. Quintessence 10/10/19 12:28:05 PM
#7268   Wow..is 200k on the menu? The_Free_Nebula 10/10/19 12:17:15 PM
#7267   Nice update! HMB2010 10/10/19 11:53:35 AM
#7266   Was just looking at that, vol still coming HMB2010 10/10/19 11:52:53 AM
#7265   Up to 85k volume already! Quintessence 10/10/19 11:49:06 AM
#7264   Over 100k volume today...hunch The_Free_Nebula 10/10/19 11:47:39 AM
#7263   "This week we have the final preparations for Quintessence 10/10/19 11:20:11 AM