Rosen Law investigates UP Fintech after Reuters report on China cross-border securities crackdown
The firm said it is probing potential securities claims after UP Fintech ADS fell 25.3% on May 22, 2026, following a Reuters report that Chinese regulators would penalize online brokers including Tiger.
Rosen Law Firm said it is investigating potential securities claims on behalf of shareholders of UP Fintech Holding Limited over allegations the company may have issued materially misleading business information, after a Reuters report said China would crack down on what it called illegal cross-border securities activity. UP Fintech American Depositary Shares fell 25.3% on May 22, 2026, after Reuters reported that China announced a major crackdown on cross-border investment and said it would punish brokers it accused of illegally moving money to foreign markets. The article said online brokers Tiger, Futu and Longbridge would be penalized for soliciting business in China without an onshore licence, according to the securities regulator. Rosen said it is preparing a prospective securities class action and invited investors who purchased UP Fintech securities to join on a contingency fee basis.
- American Depositary Shares: U.S.-traded shares that represent ownership in a foreign-listed company.
- securities class action: A lawsuit brought by investors who claim they were harmed by misleading statements or other securities-law violations.