US Market News
2日前
Futu Holdings Limited Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - FUTUJuly 6, 2026 2:07 PM
PR Newswire (US) LOS ANGELES, July 6, 2026 /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against Futu Holdings Limited ("Futu" or "the Company") (NASDAQ: FUTU) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Shareholders who purchased shares of FUTU during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.CLASS PERIOD: May 24, 2023 to May 27, 2026DEADLINE: August 25, 2026CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. Futu operated in China without licensing and approval from the China Securities Regulatory Commission ("CSRC"), putting it at risk of regulatory action in the country. Based on these facts, Futus public statements were false and materially misleading throughout the class period.If you are a shareholder who suffered a loss, contact us to participate.WHY DJS LAW GROUP? DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.Join the case to recover your losses.This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.CONTACT:David J. SchwartzDJS Law Group274 White Plains Road, Suite 1 Eastchester, NY 10709Phone: 914-206-9742Email: David@djslawllp.com View original content:https://www.prnewswire.com/news-releases/futu-holdings-limited-sued-for-securities-law-violations---contact-the-djs-law-group-to-discuss-your-rights--futu-302818584.htmlSOURCE DJS Law Group LLP Original: Futu Holdings Limited Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - FUTU
US Market News
6日前
FUTU Fraud Alert: Futu Holdings Sued for Securities Fraud after Announcing Regulatory Fines and Penalties Leading to a 27% Stock Drop – Investors Notified to Contact BFA LawJuly 2, 2026 3:07 PM
Business WireA securities fraud class action lawsuit has been filed on behalf of Futu investors after its stock plummeted over 27% because Futu allegedly misled investors regarding its business operations in mainland China without regulatory approval subjecting it to additional risks and penalties.Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Futu Holdings Limited (NASDAQ:FUTU) and certain of the Company’s senior executives for securities fraud after its significant stock drop resulting from potential violations of the federal securities laws.If you invested in Futu, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/futu-class-action-lawsuit.Key Details of the Futu ($FUTU) Class Action:Lead Plaintiff Deadline: August 25, 2026Alleged Misconduct: Securities fraud relating to Futu’s business operations in China without regulatory approval which subjected it to regulatory penalties and finesLargest Alleged Stock Drop: May 22, 2026 – 27.5% Stock DropCourt: U.S. District Court for the Southern District of New YorkAction: Contact BFA Law to discuss your rightsInvestors have until August 25, 2026 to ask the Court to be appointed to lead the case. The complaint asserts securities fraud claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Futu securities. The class action is pending in the U.S. District Court for the Southern District of New York. It is captioned Tang v. Futu Holdings Limited et al., No. 26-cv-05453.Why is Futu Being Sued for Securities Fraud?Futu is a financial technology company that operates fully digitalized securities brokerage and wealth management platforms. Headquartered in Hong Kong, the company primarily acts as an online broker connecting retail and institutional investors to global financial markets. In December 2022, China Securities Regulatory Commission (“CSRC”) issued a statement that Futu has conducted cross-border securities businesses with domestic investors in mainland China without regulatory consent. As a result, Futu was banned from opening new accounts from mainland Chinese investors and soliciting new business from mainland investors.Throughout the relevant period, Futu allegedly misrepresented its business operations and risks by continuing its business in mainland China, subjecting the company to additional penalties and fines.Why did Futu’s Stock Drop?On May 22, 2026, Reuters published an article indicating that Futu would be penalized for soliciting business in China without a license. The same day, Futu announced that the CSRC would be issuing penalties and fines in the aggregate amount of RMB1.85 billion (approximately USD271 million) due to operating its business in mainland China without regulatory approval.This news caused the price of Futu stock to drop $34.10 per share, or 27.5%, from a closing price of $123.86 per share on May 21, 2026, to $89.76 per share on May 22, 2026.On May 28, 2026, Futu announced its Q1 2026 results. Futu announced disappointing results due to the CSRC penalties in the amount of RMB1.85 billion (approximately USD271 million).This news caused the price of Futu stock to drop $5.31 per share, or 4.8%, from a closing price of $110.22 per share on May 27, 2026, to $104.91 per share on May 28, 2026.Click here for more information: https://www.bfalaw.com/cases/futu-class-action-lawsuit.What Can You Do?If you invested in Futu, you may have legal options and are encouraged to submit your information to the firm.All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.Submit your information by visiting:https://www.bfalaw.com/cases/futu-class-action-lawsuitOr contact:
Adam McCall
adam@bfalaw.com
212.789.3619Why Bleichmar Fonti & Auld LLP?BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters.Most recently, The Legal 500 awarded BFA the most client satisfaction accolades of any plaintiff’s securities litigation law firm, with clients noting: “[t]here is no better service provider in the practice area,” “[t]he interest of the client is always front and center,” and “[t]here isn’t a better firm in this space.” One testimonial described the firm as “nimble and entrepreneurial,” with a “relentless focus on adding value for clients.”Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.For more information about BFA and its attorneys, please visit https://www.bfalaw.com.https://www.bfalaw.com/cases/futu-class-action-lawsuitAttorney advertising. Past results do not guarantee future outcomes.View source version on businesswire.com: https://www.businesswire.com/news/home/20260702392617/en/Adam McCall
adam@bfalaw.com
212.789.3619 Original: FUTU Fraud Alert: Futu Holdings Sued for Securities Fraud after Announcing Regulatory Fines and Penalties Leading to a 27% Stock Drop – Investors Notified to Contact BFA Law
US Market News
1週前
Futu Holdings Limited Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - FUTUJune 29, 2026 3:41 AM
PR Newswire (US) LOS ANGELES, June 29, 2026 /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against Futu Holdings Limited ("Futu" or "the Company") (NASDAQ: FUTU) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Shareholders who purchased shares of FUTU during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.CLASS PERIOD: May 24, 2023 to May 27, 2026DEADLINE: August 25, 2026CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. Futu operated in China without licensing and approval from the China Securities Regulatory Commission ("CSRC"), putting it at risk of regulatory action in the country. Based on these facts, Futus public statements were false and materially misleading throughout the class period.If you are a shareholder who suffered a loss, contact us to participate.WHY DJS LAW GROUP? DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.Join the case to recover your losses.This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.CONTACT:
David J. Schwartz
DJS Law Group
274 White Plains Road, Suite 1
Eastchester, NY 10709
Phone: 914-206-9742
Email: David@djslawllp.com View original content:https://www.prnewswire.com/news-releases/futu-holdings-limited-sued-for-securities-law-violations---contact-the-djs-law-group-to-discuss-your-rights--futu-302812903.htmlSOURCE DJS Law Group LLP Original: Futu Holdings Limited Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - FUTU
US Market News
1月前
Moomoo's Parent Company Futu Releases Q1 2026 Results: Revenues up 25% YoY to US$746.9 millionMay 28, 2026 5:36 AM
PR Newswire (US) JERSEY CITY, N.J., May 28, 2026 /PRNewswire/ -- Moomoo's parent company Futu Holdings Ltd. ("Futu" or "the Company")(Nasdaq: FUTU), a leading global tech-driven online brokerage and wealth management platform, announced its unaudited Q1 2026 earnings with US$746.9 million in revenues, up 25.0% year-over-year ("YoY"), and US$117.3 million in non-GAAP adjusted net income. As of March 31, 2026, the Company reported 30.17 million registered users, 6.28 million brokerage accounts, and 3.59 million funded accounts. The Company's total client assets surged to US$155.8 billion, demonstrating an accelerated growth of 47.2% YoY. Notably, Malaysia, Australia, Canada, and Japan markets recorded double-digit quarter-over-quarter ("QoQ") growth in client assets.Additionally, Q1 witnessed robust trading activities across its platforms, as the total trading volume grew by 29.1% YoY to US$529.4 billion, an all-time high. The Company's wealth management services also expanded its global reach, with assets under management (AUM) reaching US$22.8 billion, a 28.2% YoY growth, and the number of clients holding wealth management products increased by 33% YoY. Japan, Canada, Australia, the US, and Malaysia markets all posted triple-digit annual growth in AUM.Leveled Up AI and Expanding Trading Capabilities to Meet Diverse Needs of Global InvestorsIn Q1, the Company continued to expand and enhance its AI capabilities across its platforms. In addition to upgrading its AI Chatbot and AI Algo trading services, the Company launched the API Skill across all markets, enabling users' self-deployed AI agents to access real-time quotes, positions, order execution, and historical data within moomoo through its open APIs using natural language. Backed by a triple-layer security framework, these new AI features make automated trading safer and more accessible to investors at all levels.At the same time, the Company rolled out a series of trading capability upgrades across global markets to meet diverse investor needs. In Malaysia, moomoo became the first licensed broker to support HK stock options trading and short selling. In Japan, it launched individual stock and index valuation features for moomoo desktop users, enhancing fundamental analysis.For cryptocurrency trading, direct crypto deposit and withdrawal services supporting 11 major blockchains and 30 cryptocurrencies are now available on moomoo US. In Hong Kong, the Company's self-built virtual asset trading platform commenced full-scale licensed operations.Partnering Globally to Deepen Community ConnectionsIn Q1, the Company deepened its commitment to empowering investor communities through strategic partnerships with renowned global partners. In collaboration with Nasdaq, moomoo introduced Monday and Wednesday expirations options, driving strong user conversion through effective education and community engagement. To build an open, innovative investing ecosystem, moomoo and Google hosted a financial creator workshop in New York focused on AI empowerment and intelligent trading. In Singapore, moomoo formalized a strategic partnership with the Securities Investors Association of Singapore to enhance financial literacy through Moo Academy and other programs. In Malaysia, moomoo and Bursa Malaysia co-launched the country's first large-scale retail investor event, expanding outreach to investors in the Penang region.Moomoo's dedicated localization efforts and product strengths earned wide recognition across global markets. By the end of Q1, Moomoo ranked No.1 in accumulated downloads in Singapore, Malaysia, and Australia [1]. The Company has earned accolades from the industry, such as "Fastest Growing Retail Broker" by SGX Group and "Active Share Traders Platform", "US Stocks Trading Platform", and "Mobile Share Trading App" winners by Finder Awards (Australia).[1]Source: Sensor Tower. Based on brokerage app download volumes in Australia from 1 January 2025 to 31 March 2026. Ranking may change over time.About MoomooMoomoo is a leading global investment and trading platform dedicated to empowering investors with user-friendly tools, data, and insights. Our platform is designed to provide essential information and technology, enabling users to make well-informed investment decisions. With advanced charting tools, pro-level analytical features, Moomoo evolves alongside our users, fostering a dynamic community where investors can share, learn, and grow together.Founded in the US, Moomoo has expanded its global presence to serve investors across multiple markets, including Singapore, Australia, Japan, Canada, Malaysia, and New Zealand. As a subsidiary of a Nasdaq-listed company, Moomoo is trusted by more than 30 million investors worldwide and has earned recognition from leading financial institutions and publications for its innovation and reliability.For more information, please visit Moomoo's official website at www.moomoo.com View original content to download multimedia:https://www.prnewswire.com/news-releases/moomoos-parent-company-futu-releases-q1-2026-results-revenues-up-25-yoy-to-us746-9-million-302784286.htmlSOURCE Moomoo Original: Moomoo's Parent Company Futu Releases Q1 2026 Results: Revenues up 25% YoY to US$746.9 million