During the three months ended September 30, 2019 and 2018, the Company earned commission income from related parties in the amount of $23,348 and $11,183 respectively. During the six months ended September 30, 2019 and 2018, the Company earned commission income from related parties in the amount of $43,174 and $15,622, respectively. Commission income earned from related parties is comprised primarily of brokerage commissions, margin fees and commissions for money transfers by brokerage clients.

During the three months ended September 30, 2019 and 2018, the Company paid commission expense to related parties in the amount of $1,471 and $0, respectively. During the six months ended September 30, 2019 and 2018, the Company paid commission expense to related parties in the amount of $2,395 and $0, respectively.

As of September 30, 2019 and March 31, 2019, the Company had cash and cash equivalents held in brokerage accounts of related parties totaling $166 and $8,444, respectively.

As of September 30, 2019 and March 31, 2019, the Company had loans issued to related parties totaling $0 and $1,888, respectively.

As of September 30, 2019 and March 31, 2019, the Company had margin lending receivables with related parties totaling $69,606 and $43,720, respectively.

As of September 30, 2019 and March 31, 2019, the Company had margin lending payables to related parties, totaling $2,233 and $1,090, respectively.

As of September 30, 2019 and March 31, 2019, the Company had loans received from a related party totaling $89 and $3,957, respectively.

As of September 30, 2019 and March 31, 2019, the Company had accounts payable due to a related party totaling $345 and $345, respectively.

As of September 30, 2019 and March 31, 2019, the Company had consideration due to a related party for the Nettrader acquisition totaling $2,668.

As of September 30, 2019 and March 31, 2019, the Company had customer liabilities on brokerage accounts and bank accounts of related parties totaling $35,539 and $29,904, respectively and held restricted customer cash on brokerage accounts of related parties totaling $10,294 and $13,999, respectively.

In August 2019, to comply with certain foreign ownership restrictions relating to registered Ukrainian broker-dealers, the Company sold 67.12% of the outstanding equity interest of Freedom UA to Askar Tashtitov, the Company’s president, for $100. The Company retained the remaining 32.88% of the outstanding equity interests in Freedom UA. In connection with this transaction, the Company also entered into a series of contractual arrangements with Freedom UA and Mr. Tashtitov, including a consulting services agreement, an operating agreement and an option agreement. For additional information regarding this transaction, see Note 1 – Description of Business.