UP Fintech Holding Limited (NASDAQ: TIGR)

This lawsuit is for anyone who acquired securities in UP Fintech Holding Limited (NASDAQ: TIGR) from April 22, 2024 through June 2, 2026.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges 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. Then, on June 2, 2026, before market open, the Company stated that, “Recently on May 22, the Beijing Bureau of the China Securities Regulatory Commission (CSRC) issued administrative penalties and ordered the confiscation of illegal gains against certain subsidiaries of the Company, with a total amount of approximately RMB 411 million (equivalent to roughly $59.7 million). The penalties stemmed from certain subsidiaries’ unlicensed cross-border securities business and illegal activities relating to the fund and futures business in mainland China. The Company sincerely accepts the penalty and has recognized it as a subsequent significant event for the first quarter.” On this news, the price of the Company’s stock again 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 UP Fintech Holding Limited (NASDAQ: TIGR) from April 22, 2024 through June 2, 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.