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Signal Law Group Issues VRS Bulletin on SoFi Technologies, Inc. (SOFI)
The bulletin assigns SoFi a high risk score after reviewing short-seller claims, investor scrutiny and public disclosures, while saying it is not a wrongdoing finding.
On Saturday, June 27, 2026, Signal Law Group released a Vigilant Risk Score bulletin identifying Securities Disclosure Risk indicators for SoFi Technologies, Inc. through its ongoing market monitoring program.
Muddy Waters previously characterized SoFi as a "financial engineering treadmill," alleging the company booked a roughly $312 million JPMorgan borrowing as if it were a sale, prompting Signal's review.
The short seller alleged SoFi's 2025 adjusted EBITDA may be overstated by about 90%, while contrasting the company's reported sub 3% loan charge-off rate with an estimated 6%+ figure drawn from 10-K tables.
SoFi issued a press release calling the Muddy Waters report factually inaccurate and referenced its ASC 860 analysis in the 10-K, signaling potential legal action but without providing detailed reconciliation.
Stakeholders remain focused on whether public disclosures provide sufficient context for evaluating company-specific exposure, though Signal Law Group notes no legal action has been initiated at this time.