Kessler Topaz Meltzer & Check, LLP has filed a securities fraud class action lawsuit against Futu Holdings Limited on behalf of investors who purchased Futu securities between May 24, 2023 and May 27, 2026. The complaint alleges that Futu made materially false and misleading statements regarding its compliance with China Securities Regulatory Commission requirements, specifically that it conducted securities, public fund sales, and futures business in mainland China without requisite licenses. On May 22, 2026, Futu disclosed a proposed penalty of approximately RMB1.85 billion from the CSRC, causing its stock to drop 27.5% that day. Investors have until August 25, 2026 to seek lead plaintiff status in the case filed in the U.S. District Court for the Southern District of New York.
Futu Holdings LtdFutu faces securities fraud class action and CSRC penalty for unlicensed operations in China
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