SoFi disputes Muddy Waters report and weighs legal action

Reuters03-18 07:00

SoFi disputes Muddy Waters report and weighs legal action

SoFi said claims in a report by Muddy Waters show a lack of understanding of its financial statements and business. The company said it is exploring potential legal action, calling the report factually inaccurate and misleading. SoFi said Muddy Waters disclosed an intent to cover a substantial majority of its short positions immediately upon publication. SoFi said it is confident in its financial reporting, citing U.S. GAAP reporting and SEC rules. The company said it is regulated as a bank holding company by the Federal Reserve and its bank is regulated by the Office of the Comptroller of the Currency.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SoFi Technologies Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202603171900BIZWIRE_USPR_____20260317_BW128099) on March 17, 2026, and is solely responsible for the information contained therein.

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