China's securities regulator fined online brokerages Futu and UP Fintech a combined $331 million for operating unlicensed cross-border stock trading services. While both companies must wind down their China operations, the penalties remove a long-standing regulatory uncertainty, allowing them to focus on expanding their international businesses. Despite an initial sharp drop in share prices, the fines are a one-time hit and both firms have successfully diversified into markets like Hong Kong, Singapore, Australia, and Malaysia. This regulatory closure marks a shift as China consolidates its brokerage industry under state-owned firms, while Futu and UP Fintech reposition as global digital brokerages with growth potential outside China.
Ademi LLP is investigating Futu for possible securities fraud related to inaccurate financial statements and business claims. This follows a May 22, 2026 notice from Chinese regulators penalizing Futu for conducting securities business in mainland Ch...
Rosen Law Firm is investigating potential securities claims against Futu Holdings following allegations that the company issued misleading business information. The probe comes after China announced a crackdown on brokers, including Futu, for operati...
Futu Holdings Limited announced it has repurchased approximately $160 million worth of its American depositary shares as part of its share repurchase program initiated in November 2025. This move reflects the company's strategy to enhance shareholder...
