FUTU Shareholder Alert: August 25, 2026 Lead Plaintiff Deadline in Futu Holdings Limited Securities Class Action - Contact SueWallSt
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FUTU Shareholder Alert: August 25, 2026 Lead Plaintiff Deadline in Futu Holdings Limited Securities Class Action - Contact SueWallSt
Between December 30, 2022 and May 27, 2026, Futu Holdings Limited (NASDAQ: FUTU) allegedly concealed material regulatory risks from investors while reporting quarter after quarter of accelerating growth. Shareholders who purchased FUTU securities between May 24, 2023 and May 27, 2026 lost $34.10 per share when the truth emerged. Find out if you may be eligible to recover losses . You may also contact Joseph E. Levi, Esq. at [email protected] or (888) SueWallSt. FUTU shares fell 27.5% on May 22, 2026, closing at $89.76, after the CSRC proposed penalties totaling approximately USD 271 million. The window to apply for lead plaintiff closes on August 25, 2026.
December 30, 2022: The CSRC Public Warning The China Securities Regulatory Commission publicly announced that Futu had conducted cross-border securities businesses with domestic investors in mainland China without regulatory consent. Futu was banned from opening new accounts for mainland Chinese investors and from soliciting new business from them.
May 19, 2023: Futubull App Removed from Chinese App Stores Futu removed its Futubull trading application from app stores in mainland China. Reuters reported this action "would bar a large number of potential retail investors in mainland China from trading securities easily in markets such as the U.S. and Hong Kong." Despite this step, the lawsuit contends Futu continued conducting unlicensed business.
May 24, 2023 Through 2025: Quarterly Growth Reports Continue The securities action al...
Source: GlobeNewsWire
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