Bragar Eagel & Squire, P.C. has announced that a class action lawsuit has been filed 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 proper licenses, which made regulatory penalties and overstated financial results likely. Investors have until August 25, 2026 to seek appointment as lead plaintiff. The firm encourages affected investors to contact partners Brandon Walker or Melissa Fortunato to discuss their legal rights.
Futu Holdings LtdClass action lawsuit alleges Futu violated CSRC regulations by operating without proper licenses, exposing it to regulatory penalties.