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SueWallSt Reminds Shareholders of a Lead Plaintiff Deadline of August 25, 2026 in Futu Holdings Limited Lawsuit - FUTU

FUTU
  • A securities class action lawsuit alleges Futu Holdings Limited misled investors between May 24, 2023, and May 27, 2026, by claiming regulatory compliance while allegedly continuing unlicensed operations in mainland China & Hong Kong.
  • Futu shares fell $34.10 (27.5%) on May 22, 2026, after the China Securities Regulatory Commission (CSRC) proposed penalties totaling RMB 1.85 billion (approx. USD 271 million).
  • The lawsuit contends that despite public statements in FY2023 & FY2024 filings regarding rectification measures & cooperation with the CSRC, the company continued securities, fund sales, & futures business without required licenses.
  • Regulators allegedly confiscated RMB 470 million in illegal gains & proposed an aggregate penalty, contradicting Futu's assurances that regulatory risks were being managed.
  • Investors who purchased FUTU securities during the class period & suffered losses may be entitled to compensation, regardless of whether they still hold the shares.
  • The lead plaintiff deadline for the case is set for August 25, 2026.
  • The complaint asserts that Futu's reported growth in client numbers & revenue was materially misleading because it allegedly stemmed from unlicensed activities.
  • Levi & Korsinsky LLP is representing investors in this action, with Joseph E. Levi, Esq., serving as the lead counsel.
  • No upfront fees or out-of-pocket costs are required to participate, as the case is handled on a contingency basis.