Japan’s Financial Services Agency said moomoo証券株式会社, a unit of Futu Holdings, was ordered on June 19 to stop soliciting and accepting new account openings from June 19 through September 18 and to improve its operations. The administrative action followed inspection findings and a recommendation by the Securities and Exchange Surveillance Commission, after which the head of the Kanto Local Finance Bureau carried out the measure. Regulators cited misleading claims about NISA eligibility, failures to check and report suspicious transactions, weak cybersecurity measures, and broader internal control deficiencies spanning compliance, customer protection, anti-money laundering and cyber risk management.