The Rosen Law Firm announced investigations into potential securities claims against Futu Holdings Limited (FUTU) and UP Fintech Holding Limited (TIGR) following China's announcement of a major crackdown on cross-border securities trading. The regulatory action, announced on May 22, 2026, targeted brokers accused of illegally moving money to foreign markets and soliciting business without onshore licenses. Futu's stock fell 27.5% on the news. The firm is preparing class action lawsuits seeking recovery of investor losses.

The Rosen Law Firm announced investigations into potential securities claims against UP Fintech Holding Limited (TIGR) and Futu Holdings Limited (FUTU) following China's announcement of a major crackdown on cross-border investment. The regulatory action targeted online brokers for illegally moving money to foreign markets and soliciting business without onshore licenses, causing both companies' shares to plunge over 30% in premarket trading on May 22, 2026.

Rosen Law Firm announced an investigation into potential securities claims against Futu Holdings Limited (NASDAQ: FUTU) following China's announcement of a crackdown on cross-border securities trading. The regulatory action accused Futu of illegally soliciting business in China without proper licensing, causing Futu's ADSs to plummet 27.5% on May 22, 2026. The firm is preparing a class action lawsuit to recover investor losses.

Block & Leviton is investigating Futu Holdings Ltd. for potential securities law violations following a 30% stock decline after the company disclosed a Notice of Investigation from China's Securities Regulatory Commission. The CSRC alleged that certain Futu entities conducted securities and futures business without required licenses, proposing penalties totaling approximately RMB1.85 billion. Investors who have lost money are encouraged to contact the firm to explore recovery options.

Block & Leviton is investigating UP Fintech Holding Ltd. (TIGR) for potential securities law violations following a 20% stock drop after Chinese regulators announced enforcement actions related to unauthorized cross-border securities activity. The firm is also investigating Futu Holdings Ltd. (FUTU) and Verra Mobility Corp. (VRRM) for possible securities fraud. Affected investors are encouraged to contact the firm to potentially recover losses.

Futu Holdings Limited announced that cumulative repurchases under its share repurchase program have reached approximately US$418 million worth of ADSs as of May 28, 2026. The company is authorized to repurchase up to US$800 million worth of ADSs through December 31, 2027, and may continue executing repurchases subject to market conditions.

China's securities regulator fined Futu Holdings $271 million and UP Fintech $60 million for operating unlicensed cross-border trading services. While the penalties hurt short-term, they remove years of regulatory uncertainty, allowing both companies to focus on international expansion where they've already built strong presences in Hong Kong, Singapore, and other markets. Both companies have successfully diversified away from China, which now represents only 10-13% of their business.

China has imposed restrictions on cross-border trading to combat record capital outflows of approximately $1 trillion in 2025, with Chinese investors moving funds into U.S. and Hong Kong markets. The China Securities Regulatory Commission has penalized offshore brokers Tiger Brokers, Futu, and Longbridge Securities with combined fines of $330 million for illegal cross-border operations. The crackdown could affect up to HK$250 billion in Hong Kong assets.

Futu Holdings Limited (NASDAQ: FUTU) received a Notice of Investigation from China Securities Regulatory Commission for engaging in securities trading, public fund sales, and futures trading without proper licenses or approval. The stock fell over 27.5% following the announcement. The Schall Law Firm is investigating potential securities law violations and false/misleading statements by the company.

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Futu Holdings Limited announced it will report its first quarter 2026 financial results on May 28, 2026, before U.S. market open. Management will hold an earnings conference call on the same day at 7:30 AM ET, with participants required to pre-register. A live webcast will be available on the company's investor relations website.