Investors of Futu Holdings Limited Alerted About Class Action Lawsuit Involving Regulatory Scrutiny

Investor Alert: Class Action Lawsuit Against Futu Holdings Limited

The national law firm Berger Montague has initiated a class action lawsuit against Futu Holdings Limited (NASDAQ: FUTU), targeting investors who purchased or acquired shares between May 24, 2023, and May 27, 2026. This announcement comes amid serious regulatory scrutiny involving the company, centering on a crackdown by China's securities regulatory authorities.

Futu Holdings, which operates primarily in the online brokerage sector, provides a platform for securities trading, investment, and wealth management aimed at retail investors. Having its headquarters in Hong Kong, the company has experienced significant turmoil recently, leading to a notable decline in its stock prices.

On May 22, 2026, the China Securities Regulatory Commission (CSRC) and several government agencies reported a major initiative targeting unapproved brokerage operations. Following this news, Futu disclosed it had received a Notification Letter from the CSRC suggesting the confiscation of approximately RMB 1.85 billion (around USD 271 million) as an alleged fine for illegal activities and proposing personal penalties against Futu's founder and CEO, Li Hua.

The allegations had a drastic impact on Futu's share prices, as they plummeted by $34.10 per share (27.5%) after this announcement. Furthermore, on May 28, Futu released quarterly financial results reflecting regulatory penalties, which included RMB 470 million in confiscation and RMB 1.38 billion categorized as fines. Subsequently, the company’s stock dropped an additional $5.31 per share (4.8%) following this revelation.

The law firm invites affected investors to consider seeking representation as a lead plaintiff in the class action by the deadline of August 25, 2026. Those interested can learn more about their rights and potential involvement in this lawsuit.

For inquiries, investors can connect with Berger Montague’s representatives Andrew Abramowitz and Caitlin Adorni at the provided emails to discuss the ongoing legal developments and implications surrounding Futu Holdings Limited.

About Berger Montague

Berger Montague is one of the leading law firms in the United States specializing in complex civil litigation, class actions, and mass torts across federal and state courts. Recognized for its commitment and results, the firm has secured over $50 billion for clients across various legal scenarios over its 55-year history. With headquarters in Philadelphia and additional offices nationwide, Berger Montague continues to advocate fiercely for investor rights and justice in the complex realm of financial litigation.