GlobeNewsWire
04 Jun 2026, 01:24 UTC · 2h ago
Futu Investor News: If You Have Suffered Losses in Futu Holdings Limited (NASDAQ: FUTU), You Are Encouraged to Contact The Rosen Law Firm About Your Rights
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GlobeNewsWire
04 Jun 2026, 01:24 UTC · 2h ago
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Story key points
3 claims · impact-rated
Chinese regulators announced a crackdown on 'illegal' cross-border securities and intend to penalize brokers like Futu for soliciting business in China without an onshore license. — Direct regulatory action against core business operations in a primary market typically leads to severe valuation compression and operational risk.
-0.90The Rosen Law Firm is initiating a class action investigation into Futu Holdings for allegedly issuing materially misleading business information to investors. — Securities litigation introduces additional legal liabilities and reflects institutional distrust, though it is often a lagging reaction to price drops.
-0.40Futu American Depositary Shares (ADSs) fell 27.5% on May 22, 2026, following news of the Chinese regulatory crackdown. — While this confirms high volatility and immediate market reaction, it is a historical data point rather than a new catalyst.
-0.20Ticker attribution
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Model heads
Facing a class action lawsuit and regulatory penalties from China for illegal cross-border securities solicitation.
Mentioned as a broker that would be penalized by Chinese regulators for soliciting business without a license.
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