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FUTU.US
id: 528, Created by Stan Vick Chase, Scout
China’s Regulator FUTU Investigation of Domestic Laws Violation
How it works?
- We find Attorney for the Case
- Attorney files case on behalf of Investors
- You get updates and receive payout in case of success
Would it cost me anything?
- No, you do not pay anything out of your pocket neither to us, nor to Attorney
- Attorneys get % fee in case of success
- Platform charges service fee from Attorneys
What are the chances for success?
Every Case is unique, but statistically, 47% of Cases end up with a settlement.
Please see below recent successful cases:
How it works?
- We find Attorney for the Case
- Attorney files case on behalf of Investors
- You get updates and receive payout in case of success
Would it cost me anything?
- No, you do not pay anything out of your pocket neither to us, nor to Attorney
- Attorneys get % fee in case of success
- Platform charges service fee from Attorneys
What are the chances for success?
Every Case is unique, but statistically, 47% of Cases end up with a settlement.
Please see below recent successful cases:
On December 30, 2022, China’s securities regulator (CSRC) reported that Futu Holdings (NASDAQ: FUTU) violated its domestic laws by allowing customers on the mainland to make cross-border trades.
On this news, FUTU's shares plunged 31% and the Company lost over $2.5 billion of its capitalization, seriously damaging investors.
- As wrote the WSJ, The regulator also said it was requiring Futu to stop taking on or soliciting new domestic clients and customers, who aren’t allowed to open accounts.
- The CSRC said it intends to dispatch officers to conduct on-site inspections on Futu.
- The Company said in a statement that it will cooperate fully with the CSRC and take all necessary measures to comply with China’s laws and regulations.
Now, FUTU holders have all reasons to suspect that the Company, its Leaders, and its Service Providers grossly violated their investor rights, which led to material damages to the value of the securities positions.
Alleged Offence
Malpractice,
Negligence,
Omissions
Suspected Party
Directors,
Management,
Government Authority,
Investment Bank,
Service Provider
Security Type
Depository Securities (ADS, ADR, GDR)
Trade Direction
Long
Shock Event Date
30 December 2022