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 crackdown on illegal cross-border securities activities, naming online brokers Tiger, Futu, and Longbridge for soliciting business without onshore licenses. UP Fintech American Depositary Shares fell 25.3% that day. The law firm is preparing a class action to recover investor losses and encourages affected shareholders to contact them.
Up Fintech Holding LtdChina's crackdown on illegal cross-border securities activities targets UP Fintech, causing a 25.3% share drop and prompting a securities class action investigation.
Futu Holdings LtdFutu is named alongside UP Fintech in the Reuters report as an online broker soliciting business without onshore licenses, facing regulatory risk.