PRNewsWire
08 Aug 2026, 02:00 UTC · 4h ago
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Futu Holdings is facing a securities class action lawsuit alleging it operated securities, public fund sales, and futures businesses in mainland China without required CSRC licenses. — Regulatory non-compliance in a primary operating market creates significant legal risk and potential for severe operational restrictions.
-0.60The lawsuit claims 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 financial results directly impact valuation and investor trust in the company's reported earnings.
-0.50The deadline for investors with losses exceeding $100,000 to file lead plaintiff applications in the lawsuit is August 25, 2026. — While a procedural step, the movement toward a lead plaintiff formalizes the litigation process.
-0.10Which stocks this story touches
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The company is mentioned as the subject of a separate shareholder class action lawsuit regarding investor losses.
The company is facing a securities class action lawsuit alleging failure to disclose material information and regulatory non-compliance in China.
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4h ago
