The scrutiny follows a May 22, 2026, regulatory announcement from China regarding a crackdown on illegal cross-border securities activity. Authorities specifically identified online brokers including Futu, Tiger, and Longbridge, accusing them of soliciting business within China without the required onshore licenses. Following the report, Futu’s share price dropped 27.5% in a single day.
Rosen Law Firm is currently soliciting investors who purchased Futu securities to join a prospective class action. The firm, led by Laurence Rosen and Phillip Kim, argues that shareholders may be entitled to compensation for losses tied to the alleged misrepresentations. Interested parties are directed to the firm’s website or contact channels to participate in the litigation under a contingency fee arrangement.
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