Kahn Swick & Foti, LLC reminds investors that they have until August 25, 2026 to file lead plaintiff applications in a securities class action lawsuit against Futu Holdings Limited. The lawsuit alleges that Futu and certain executives failed to disclose that the company 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, and that its financial results were overstated. The class period covers purchases of Futu securities between May 24, 2023 and May 27, 2026. The case is pending in the United States District Court for the Southern District of New York under the caption Tang v. Futu Holdings Limited, et al, 26-cv-05453.
Futu Holdings LtdLawsuit alleges undisclosed non-compliance with CSRC requirements and overstated financial results.