Futu Investors Face RMB1.85B Penalty; Deadline Looms

6 sourcesUpdated Aug 25, 2026

Multiple investor-class actions accuse Futu Holdings Limited of failing to disclose that its entities in China and Hong Kong conducted securities, public fund, and futures activities without proper licenses, triggering regulatory penalties. The cases reference a May 22, 2026 disclosure that the CSRC and other authorities proposed about RMB 1.85 billion in penalties and the possibility of asset confiscation, following a Reuters report about a crackdown on brokers moving money abroad. The firm’s stock subsequently dropped about 27.5% on May 22, 2026 and an additional decline followed after related financial disclosures on May 28, 2026. The lawsuits, filed by Kaplan Fox & Kilsheimer and Berger Montague, cover investors who bought Futu shares during a defined class period from May 24, 2023 to May 27, 2026, and push for lead plaintiff appointment with an August 25, 2026 deadline. Collectively, the actions argue that the company omitted material information about regulatory exposure, potentially exposing investors to substantial losses. The cases highlight ongoing scrutiny of Futu’s regulatory compliance and potential penalties, with plaintiffs seeking leadership roles and recovery for affected shareholders.

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newmediawire.comOtherKaplan Fox & Kilsheimer LLP Encourages Futu Holdings Limited (NASDAQ: FUTU) Investors to Contact the Firm Before August 25, 2026

business.theeveningleader.comOtherKaplan Fox Class Action Reminder: Futu Holdings Limited (NASDAQ: FUTU) Lead Plaintiff Deadline is August 25, 2026

caledonianrecord.comOtherFUTU DEADLINE: ROSEN, A LONGSTANDING FIRM, Encourages Futu Holdings Limited Investors to Secure ...

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