PRNewsWire
25 Jul 2026, 02:00 UTC · 2h ago
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Futu Holdings is accused of conducting securities, public fund sales, and futures business in mainland China without the required CSRC licenses or approvals. — Operating without required licenses in a strictly regulated market like China poses severe existential regulatory risks and potential operational shutdowns.
-0.80The lawsuit alleges that Futu's financial results were overstated due to the failure to disclose likely regulatory penalties and the disgorgement of ill-gotten gains. — Allegations of overstated financials typically trigger investor distrust and may lead to downward price revisions if accounting irregularities are proven.
-0.60A securities class action lawsuit (Tang v. Futu Holdings Limited) is pending in the Southern District of New York for the period between May 2023 and May 2026. — While class actions are common, they create a legal overhang and potential for significant settlement costs.
-0.30Continue reading
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The company is mentioned as the subject of a shareholder class action lawsuit.
The company is facing a securities class action lawsuit alleging failure to disclose regulatory non-compliance in China and overstated financial results.
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