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Futu Holdings shares drop 30% after China regulator fines and investigates unlicensed activities

Market News
22 May 2026
GlobeNewsWire
View Source
Bearish
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Futu Holdings Ltd.'s stock plunged over 30% following a notice from the China Securities Regulatory Commission (CSRC) about unlicensed securities and futures business conducted by its entities in China and Hong Kong. The CSRC proposed penalties totaling around RMB 1.85 billion, including fines and confiscation of illegal gains. Block & Leviton LLP is investigating potential securities law violations and encourages investors who suffered losses to contact them for possible recovery actions. Investors with non-public information are also urged to assist under the SEC whistleblower program, which offers rewards for original tips leading to recoveries.

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