Newsfile Corp
10 Jun 2026, 23:47 UTC · 2h ago
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China is cracking down on illegal cross-border securities and will penalize brokers, including UP Fintech (Tiger), for soliciting business without onshore licenses. — Regulatory crackdowns in China typically lead to severe operational disruptions and significant valuation drops for affected fintech firms.
-0.80The Rosen Law Firm has launched an investigation into potential securities claims against UP Fintech Holding Limited for allegedly issuing misleading business information. — The initiation of a class action lawsuit increases legal risk and potential financial liabilities for the company.
-0.40UP Fintech American Depositary Shares fell 25.3% on May 22, 2026, following reports of the Chinese regulatory action. — This confirms immediate market devaluation and negative investor sentiment regarding the company's regulatory standing.
-0.20Which stocks this story touches
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The company is facing a regulatory crackdown in China and a subsequent securities class action investigation.
The company is being targeted for a securities class action investigation by Rosen Law Firm.
The company is being targeted for a securities class action investigation by Rosen Law Firm.
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