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Freedom Holding Corp. (FRHC)

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Last Post: 9/21/2018 9:38:22 AM - Followers: 67 - Board type: Free - Posts Today: 2




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)


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



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


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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.




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FRHC News: Statement of Changes in Beneficial Ownership (4) 09/07/2018 10:49:14 AM
FRHC News: Quarterly Report (10-q) 08/14/2018 05:18:22 PM
FRHC News: Current Report Filing (8-k) 07/27/2018 12:41:00 PM
FRHC News: Annual Report (10-k) 06/29/2018 04:36:07 PM
FRHC News: Current Report Filing (8-k) 06/12/2018 01:34:22 PM
PlusOneCoin Top Posts
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#5457  Sticky Note More than a broker: how to make money Quintessence 05/27/18 08:14:48 PM
#4932  Sticky Note Freedom Holding attracted more than $ 40 million HMB2010 03/22/18 02:23:34 PM
#4096  Sticky Note Wh Supervisor 01/14/18 01:21:17 PM
#2155  Sticky Note to ALL interested: I have posted a lot HMB2010 09/03/17 09:11:54 AM
#6235   nice...just the beginning... The_Free_Nebula 09/21/18 09:38:22 AM
#6234   Today we in Moscow held the first official Quintessence 09/21/18 06:10:01 AM
#6233   Timur Turlov, the General Director of the "Freedom Quintessence 09/20/18 08:53:16 AM
#6232   FinFair2018! Fair of Financial Solutions of the Moscow Quintessence 09/19/18 07:35:11 PM
#6231   I’d like to go. it would be a love your neighbor 09/19/18 06:12:36 PM
#6230   Yes, just too long of a trip for Quintessence 09/19/18 04:29:57 PM
#6229   That would be fun. $$$ $FRHC $$$ love your neighbor 09/19/18 04:28:14 PM
#6228   Shareholders meeting tomorrow! I wish I could Quintessence 09/19/18 02:47:27 PM
#6227   very nice The_Free_Nebula 09/18/18 10:22:51 AM
#6226   Nice! The give away Tesla parked in HMB2010 09/18/18 10:20:11 AM
#6225   Sounds excellent. $$$ $FRHC $$$ love your neighbor 09/17/18 08:07:58 PM
#6224   Getting excited, hope Turlov meant Sept but Ill HMB2010 09/17/18 09:59:17 AM
#6223   Good interview with Liliya Logunova, director of the Quintessence 09/17/18 09:36:33 AM
#6222   Yes yes yes, sounds great to me! HMB2010 09/17/18 08:18:56 AM
#6221   Timur Turlov on IG: "I feel that Quintessence 09/17/18 07:02:42 AM
#6220   Using FRHCs OS. Same as with KASE. HMB2010 09/16/18 06:21:57 PM
#6219   Freedom Finance and the Tashkent Stock Exchange signed Quintessence 09/16/18 03:02:29 PM
#6218   Sounds good to me. $$$ $FRHC $$$ love your neighbor 09/16/18 02:29:32 PM
#6217   He is like a politician, always in the HMB2010 09/16/18 07:59:02 AM
#6216   Just musing out loud about 2019 mulestones. 1. FRHC The_Free_Nebula 09/15/18 10:19:50 AM
#6215   Today they signed a memorandum with the stock Quintessence 09/15/18 07:53:19 AM
#6214   FRHC - Technicals positioning for next cycle up....JMHO The_Free_Nebula 09/13/18 04:17:22 PM
#6213   Fantastic! Moving ahead with his plans. HMB2010 09/13/18 11:28:19 AM
#6212   Uzbekistan trip update: Tashkent, of course, is incredibly Quintessence 09/13/18 11:04:43 AM
#6211   Means uptick in volume and SP tomorrow, or HMB2010 09/12/18 04:52:03 PM
#6210   IG: Today I'm flying to Tashkent, we will Quintessence 09/12/18 04:47:15 PM
#6209   Ask slap galore at least... The_Free_Nebula 09/12/18 03:14:30 PM
#6208   Proving once again - it doesn’t pay to love your neighbor 09/11/18 08:29:48 PM
#6207   Consolidation 95 plus % ask slaps The_Free_Nebula 09/11/18 08:01:17 PM
#6206   Timur Turlov's new office in Esentai, Almaty. Quintessence 09/11/18 04:23:33 PM
#6205   It has hit HOD several times at opening HMB2010 09/11/18 12:23:46 PM
#6204   Gaps are not good...i think it was a The_Free_Nebula 09/11/18 09:41:28 AM
#6203   Nice tap at 7.49 this morning. L2 Quintessence 09/11/18 09:39:44 AM
#6202   Well it looks like was wrong - it The_Free_Nebula 09/10/18 11:05:38 AM
#6201   officially a decent start to the week...OTCX is The_Free_Nebula 09/10/18 11:04:35 AM
#6200   I have the same feeling. Could be Quintessence 09/09/18 08:32:47 PM
#6199   Got a hunch we see more volume and The_Free_Nebula 09/09/18 10:27:07 AM
#6198   Wecome! Solid company here, appears we are HMB2010 09/08/18 01:48:53 PM
#6196   Another great week.... The_Free_Nebula 09/07/18 04:38:16 PM
#6195   Another 70k shares locked for 2 years. News HMB2010 09/07/18 02:17:20 PM
#6194   That is a shitton of pocket change! HMB2010 09/07/18 09:55:35 AM
#6193   Just Ahhh mazing!! HMB2010 09/07/18 09:52:08 AM
#6192   L2 Ask showing very thin, with 44K bid Quintessence 09/07/18 09:50:43 AM
#6191   Cannot under estimate Mr Turlov so yes, it HMB2010 09/06/18 04:03:22 PM
#6190   GS 52 week high is $275 bucks per The_Free_Nebula 09/06/18 03:56:31 PM
#6189   After perusing history of both, similar so far HMB2010 09/06/18 03:54:11 PM
#6188   just think big...Is this going to be a The_Free_Nebula 09/06/18 03:23:03 PM
#6187   Brother and I discussing scenarios, %'s, SP last HMB2010 09/06/18 03:20:54 PM
#6186   I can get used to seeing volume... The_Free_Nebula 09/06/18 03:10:25 PM
#6185   Bid at 7.37! Amazing FRHC HMB2010 09/06/18 12:48:24 PM