The Gross Law Firm has announced a securities class action lawsuit against Futu Holdings Limited on behalf of shareholders who purchased shares between May 24, 2023 and May 27, 2026. The complaint alleges that during the class period, Futu made materially false or 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 requisite licenses or approval. As a result, the suit claims Futu was likely to face regulatory penalties and that its financial results were overstated. Shareholders have until August 25, 2026 to seek lead plaintiff appointment, though participation in any recovery does not require serving as lead plaintiff.
Futu Holdings LtdSecurities class action lawsuit alleges Futu violated China securities regulations, faces penalties and overstated financials.