Kahn Swick & Foti, LLC reminds investors that a securities class action lawsuit has been filed against Futu Holdings Limited, with a lead plaintiff deadline of August 25, 2026. The lawsuit alleges that during the Class Period from May 24, 2023 to May 27, 2026, 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 required licenses or approval. As a result, the company was reasonably likely to face regulatory penalties such as disgorgement of ill-gotten gains, its financial results were overstated, and positive statements about its business were materially misleading. The case is pending in the United States District Court for the Southern District of New York under docket number 26-cv-05453.
Futu Holdings LtdLawsuit alleges undisclosed non-compliance with CSRC requirements, risking regulatory penalties and overstated financials.