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RESTATEMENT (Tables)
 9 Months Ended
Dec. 31, 2022
Accounting Changes and Error Corrections [Abstract]  
Revision of prior period statements
The following table summarizes the impact of the correction of the errors on the Condensed Consolidated Statement of Cash Flows for the period presented:
Nine months ended December 31, 2021
As previously reportedFF Life and FF Insurance acquisitionsAdjustments for discontinued operationsAs recastedCorrection of errorsAs restated
Net cash flows (used in)/from operating activities$(582,080)$25,782 (34,465)$(590,763)$(21,090)$(611,853)
Net cash flows used in investing activities(6,110)(52,276)— (58,386)(34,709)(93,095)
Net cash flows (used in)/from financing activities338,792 47,203 — 385,995 55,799 441,794 
Effect of changes in foreign exchange rates on cash and cash equivalents10,593 (2,221)(1,998)6,374 — 6,374 
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH$(238,805)$18,488 $(36,463)$(256,780)$— $(256,780)
The following table summarizes the impact of the correction of errors broken down by continuing and discontinued operations:
Nine months ended December 31, 2021
As restatedCorrection of errorsAs restated
Net cash flows used in operating activities from continuing operations$(256,764)$(132,188)$(388,952)
Net cash flows (used in)/from operating activities from discontinued operations(333,999)111,098 (222,901)
Net cash flows used in investing activities from continuing operations(56,167)(34,138)(90,305)
Net cash flows used in investing activities from discontinued operations(2,219)(571)(2,790)
Net cash flows from financing activities from continuing operations320,364 83,448 403,812 
Net cash flows from/used in financing activities from discontinued operations65,631 (27,649)37,982 
Effect of changes in foreign exchange rates on cash and cash equivalents from continuing operations(7,321)— (7,321)
Effect of changes in foreign exchange rates on cash and cash equivalents from discontinued operations13,695 — 13,695 
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH$(256,780)$— $(256,780)
In the Company's previously issued condensed consolidated financial statements, interest income from margin lending to clients had been erroneously classified within fee and commission income from brokerage services. Such income has been reclassified to interest income as a separate sub-line item within interest income entitled interest income from margin lending to clients. For additional information see Note 19 Net interest income/(expense) to the condensed consolidated financial statements. The following tables summarize the impact of corrections of the errors on the Condensed Consolidated Statement of Operations for the periods presented:
For the three months ended December 31, 2021
IssuedFF Life and FF Insurance acquisitionAdjustments for discontinued operationsAs restatedCorrection of errorsAs restated
Fee and commission income$122,237 $(3)$(25,905)$96,329 $(4,921)$91,408 
Net gain on trading securities403 649 6,611 7,663 — 7,663 
Interest income22,907 8,858 (3,029)28,736 4,921 33,657 
Insurance underwriting income— 21,394 — 21,394 — 21,394 
Net gain on foreign exchange operations451 255 655 1,361 — 1,361 
Net loss on derivative(314)— — (314)— (314)
TOTAL REVENUE, NET145,684 31,153 (21,668)155,169 — 155,169 

For the nine months ended December 31, 2021
IssuedFF Life and FF Insurance acquisitionAdjustments for discontinued operationsAs restatedCorrection of errorsAs restated
Fee and commission income$336,178 $(166)$(65,251)$270,761 $(8,212)$262,549 
Net gain on trading securities$185,554 2,677 9,716 197,947 — 197,947 
Interest income61,047 23,175 (9,920)74,302 8,212 82,514 
Insurance underwriting income— 51,491 — 51,491 — 51,491 
Net gain on foreign exchange operations885 303 2,888 4,076 — 4,076 
Net loss on derivative(1,028)— — (1,028)— (1,028)
TOTAL REVENUE, NET582,636 77,480 (62,567)597,549 — 597,549