The securities lawsuit covers shareholders who bought Futu Holdings shares between May 24, 2023 and May 27, 2026 and alleges misleading statements tied to regulatory approval in China.
DJS Law Group said investors in Futu Holdings Limited may seek lead plaintiff status in a securities class action tied to purchases of Nasdaq-listed FUTU shares from May 24, 2023 through May 27, 2026, with an August 25, 2026 deadline. The complaint alleges the company violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and SEC (U.S. securities regulator) Rule 10b-5 by making false and misleading statements. It claims Futu operated in China without licensing and approval from the China Securities Regulatory Commission, or CSRC (China securities regulator), exposing the company to regulatory action and rendering its public statements materially misleading during the class period. The law firm said shareholders who suffered losses can contact it about participating in the case, and noted that serving as lead plaintiff is not required to share in any potential recovery.