PR Newswire·Aug 20, 2026, 1:05 PM ET

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

Futu Holdings faces a securities lawsuit alleging it misled investors by claiming to take rectification measures for Chinese regulators while allegedly continuing unlicensed operations.
The class period for potential compensation covers purchases of FUTU securities between May 24, 2023, and May 27, 2026.
The China Securities Regulatory Commission proposed a penalty of RMB 1.85 billion (approx. USD 271 million) due to continued securities, fund, & futures business without proper licenses.
FUTU shares dropped 27.5% ($34.10 per share) on May 22, 2026, following the disclosure of the proposed penalty, with an additional 4.8% ($5.31) decline after Q1 2026 earnings.
The company repeatedly stated in SEC filings from 2023 through 2025 that it was cooperating with the CSRC, using the removal of its Futubull app as proof of compliance.
The lawsuit contends that reported financial growth, including client numbers & assets, was materially misleading because it stemmed from unlicensed activities in mainland China.
The lead plaintiff deadline for the case is August 25, 2026.
Investors who purchased shares during the class period & sold at a loss may be eligible to recover damages through a contingency-based legal process.
Levi & Korsinsky LLP is representing investors through its brand SueWallSt, with no upfront fees required for participation.