Faruqi & Faruqi, LLP reminds investors of the August 25, 2026 deadline to seek lead plaintiff in a securities class action against Futu Holdings Limited. The lawsuit alleges Futu made false or misleading statements by failing to disclose it conducted securities, public fund sales, and futures business in mainland China without required CSRC licenses, leading to overstated financial results. On May 22, 2026, Futu disclosed a CSRC notification proposing penalties totaling approximately RMB1.85 billion, causing its stock to fall more than 27%. A subsequent May 28, 2026 earnings release detailing the proposed penalties led to a further nearly 5% decline.
Futu Holdings LtdFutu faces CSRC penalties for unlicensed securities business in China, causing stock to fall over 27%.