The Rosen Law Firm is investigating potential securities claims on behalf of UP Fintech Holding Limited shareholders, alleging the company may have issued materially misleading business information. The investigation follows a May 22, 2026 Reuters report that China announced a major crackdown on illegal cross-border investment, naming online brokers Tiger, Futu, and Longbridge for soliciting business without an onshore license. UP Fintech American Depositary Shares fell 25.3% on that news. The law firm is preparing a class action to recover investor losses and encourages affected shareholders to contact them.
Up Fintech Holding LtdChina announced a crackdown on illegal cross-border investment, naming UP Fintech for soliciting business without an onshore license, causing a 25.3% drop in its ADRs.
Futu Holdings LtdFutu was named in the same China crackdown on illegal cross-border investment, facing similar regulatory risk.