{"id":979749,"date":"2026-07-08T10:24:17","date_gmt":"2026-07-08T14:24:17","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/futu-upcoming-deadline-levi-korsinsky-alerts-futu-holdings-limited-stockholders-of-securities-class-action-contact-the-firm\/"},"modified":"2026-07-08T10:24:17","modified_gmt":"2026-07-08T14:24:17","slug":"futu-upcoming-deadline-levi-korsinsky-alerts-futu-holdings-limited-stockholders-of-securities-class-action-contact-the-firm","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/futu-upcoming-deadline-levi-korsinsky-alerts-futu-holdings-limited-stockholders-of-securities-class-action-contact-the-firm\/","title":{"rendered":"FUTU UPCOMING DEADLINE: Levi & Korsinsky Alerts Futu Holdings Limited Stockholders of Securities Class Action – Contact the Firm"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n Time-Sensitive: Allegations Focus on Futu Holdings’ Failure to Disclose CSRC Non-Compliance That Allegedly<\/span> Overstated Financial Results by Hundreds of Millions<\/i>\n <\/p>\n

\n NEW YORK<\/span>, July 8, 2026<\/span> \/PRNewswire\/ — Levi & Korsinsky, LLP alerts investors in Futu Holdings Limited (NASDAQ: FUTU) of a pending securities class action. Class Period: May 24, 2023 through May 27, 2026. Check if you can recover your investment losses<\/a>\u00a0or contact Joseph E. Levi, Esq. at jlevi@levikorsinsky.com<\/a>\u00a0| (212) 363-7500.<\/p>\n

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\n \"Levi\n <\/p>\n<\/p><\/div>\n

Futu shareholders lost $34.10 per share when the stock fell 27.5% on May 22, 2026, after Reuters reported a sweeping CSRC crackdown on brokers illegally facilitating cross-border capital flows. The Court has set August 25, 2026 as the deadline to apply for lead plaintiff appointment.<\/p>\n

\n How Alleged<\/span> CSRC Non-Compliance Tainted Reported Financial Results<\/b>\n <\/p>\n

The lawsuit asserts that Futu continued conducting securities, public fund sales, and futures business in mainland China without required licenses throughout the three-year Class Period. During this time, the Company reported rapid growth in paying clients, rising from 1,528,103 in Q1 2023 to over 2.8 million by mid-2025, and total client assets expanding from HK 465.5 billion to nearly HK 974 billion. The action claims these headline figures were materially misleading because they incorporated revenue and client metrics derived from business the Company was not authorized to conduct.<\/p>\n

The proposed\u00a0CSRC penalty confirms the scale: RMB 470 million in alleged<\/span> illegal gains subject to confiscation, plus RMB 1.38 billion in fines, totaling approximately USD 271 million. As alleged<\/span>, those illegal gains flowed directly into the financial results that management touted to investors each quarter.<\/p>\n

\n Regulatory Compliance Representations in SEC Filings<\/b>\n <\/p>\n

In its FY2023 20-F, the Company told investors it had “taken and may continue to take rectification measures” and that it had “limited information to accurately predict if any disciplinary action or punishment will be taken.” The lawsuit contends these disclosures were misleading because they framed regulatory risk as speculative when, as alleged<\/span>, the Company was actively operating in violation of CSRC requirements and knew the business generating its growth metrics lacked proper authorization.<\/p>\n