Futu Holdings Limited (NASDAQ: FUTU)

This investigation is for anyone who acquired securities in Futu Holdings Limited (NASDAQ: FUTU) prior to May 22, 2026.

The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by telling investors that the Company complied with all applicable laws but then by failing to comply with Chinese securities law.

On May 22, 2026, Reuters published an article reporting that the China Securities Regulatory Commission, along with seven other government agencies including the central bank, had launched a crackdown aimed at “​brokers it accused of illegally moving money to foreign markets” including “overseas firms and their local partners operating without ​approval.”  The article reported “online brokers Tiger, Futu and Longbridge would be penalised for soliciting ‌business in China without an onshore licence, the securities regulator said.” On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Futu Holdings Limited (NASDAQ: FUTU) prior to May 22, 2026 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.