Class Action Lawsuit Filed Against Futu Holdings

Law firm Berger Montague announced on July 13, 2026, the initiation of a class action lawsuit against Futu Holdings Limited (NASDAQ: FUTU), a Hong Kong-based online brokerage firm. The lawsuit represents investors who purchased or acquired Futu securities during the period from May 24, 2023, through May 27, 2026.

The action follows regulatory scrutiny in China. On May 22, 2026, Reuters reported that China's Securities Regulatory Commission (CSRC) and other government agencies had launched a crackdown on brokers allegedly operating without proper authorization. Futu subsequently disclosed receiving a Notification Letter from the CSRC proposing approximately RMB 1.85 billion (approximately US$271 million) in confiscation of alleged illegal gains and fines, along with proposed personal fines against founder and CEO Li Hua.

Following these disclosures, Futu's stock price fell $34.10 per share, or 27.5%. Further, on May 28, 2026, the company disclosed quarterly financial results reflecting the proposed regulatory penalties. These included approximately RMB 470 million in confiscation of alleged illegal gains and approximately RMB 1.38 billion in fines classified as "Others, net." The stock price declined an additional $5.31 per share, or 4.8%, after this revelation.

Investors who purchased Futu securities during the specified class period have until August 25, 2026, to seek appointment as lead plaintiff. Berger Montague is encouraging affected investors to contact the firm to learn more about their rights and the ongoing legal proceedings.