Portnoy Law Firm Announces Class Action on Behalf of Futu Holdings Limited Investors
Futu Holdings Limited faces a class action lawsuit alleging the company made false statements about its compliance with China Securities Regulatory Commission (CSRC) requirements. The company allegedly conducted securities, public fund sales, and futures business in mainland China without proper licenses. On May 22, 2026, Futu disclosed a CSRC notification proposing penalties totaling approximately RMB1.85 billion (~$271 million), causing the stock to fall over 27%. The lawsuit covers investors who purchased securities between May 24, 2023 and May 27, 2026.