Bragar Eagel & Squire, P.C. has filed a class action lawsuit against Futu Holdings Limited in the United States District Court for the Southern District of New York on behalf of investors who purchased or acquired Futu securities between May 24, 2023 and May 27, 2026. The lawsuit alleges that Futu made false and misleading statements and failed to disclose that it was not in compliance with China Securities Regulatory Commission requirements, including conducting securities, public fund sales, and futures business in mainland China without the necessary licenses or approval. As a result, the suit claims Futu was likely to face regulatory penalties and that its financial results were overstated. Investors have until August 25, 2026 to apply to the Court to be appointed as lead plaintiff.
Futu Holdings LtdLawsuit alleges Futu violated CSRC regulations by operating without licenses, facing potential penalties.