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UP Fintech faces investigation after China crackdown news causes 25% stock drop

Market News
04 Jun 2026
PRNewsWire
View Source
Bearish
pluang ai news

UP Fintech Holding Limited is under investigation by Pomerantz LLP for possible securities fraud following a Reuters report that China will penalize brokers, including UP Fintech's Tiger Trade, for illegal cross-border securities activities. The news led to a 25.34% drop in UP Fintech's ADS price on May 22, 2026. The investigation will determine if the company and its officers engaged in unlawful business practices, impacting investor confidence and stock value.

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