Rosen Law Firm has reminded investors who bought Futu Holdings Limited securities between May 24, 2023 and May 27, 2026 that applications to serve as lead plaintiff in the pending securities class action are due Aug. 25, 2026. The case, pending in the U.S. District Court for the Southern District of New York as Tang v. Futu Holdings Limited, et al, No. 26-cv-05453, alleges Futu conducted securities business, public fund sales business and futures business in mainland China without the licenses or approvals required by the China Securities Regulatory Commission. Plaintiffs claim that exposure left the company vulnerable to penalties including disgorgement of ill-gotten gains, overstated its financial results and rendered positive statements about its business and prospects materially misleading. Rosen said a class action has already been filed, no class has yet been certified and investors do not need to seek lead plaintiff status to remain eligible for any future recovery.