Portnoy Law Firm Announces Class Action on Behalf of Futu Holdings Limited Investors

Futu Holdings Limited is facing a class action lawsuit alleging the company made false statements about its compliance with China Securities Regulatory Commission requirements. The CSRC proposed penalties totaling approximately RMB1.85 billion (USD271 million) for conducting securities, public fund sales, and futures business without proper licenses. The disclosure caused Futu's stock to fall over 27% on May 22, 2026.