Levi & Korsinsky reminds investors that the lead plaintiff deadline in the securities class action against Futu Holdings Limited is August 25, 2026. The lawsuit alleges that between May 24, 2023 and May 27, 2026, Futu made misleading statements about its regulatory compliance while continuing unlicensed securities, fund sales, and futures operations in mainland China and Hong Kong. On May 22, 2026, Futu shares fell $34.10, or 27.5%, after the China Securities Regulatory Commission proposed penalties totaling approximately USD 271 million, including confiscation of RMB 470 million in illegal gains. The complaint claims that Futu’s reported growth in paying clients and client assets was materially misleading because revenue from mainland Chinese investors was allegedly derived from unlicensed activity. Investors who purchased Futu securities during the class period and suffered losses may be entitled to compensation.
Futu Holdings LtdFutu faces securities class action and CSRC proposed penalties for unlicensed operations, causing a 27.5% share drop.