New York, New York--(Newsfile Corp. - July 17, 2026) - Kaplan Fox &amp; Kilsheimer LLP announces that a class action lawsuit has been filed against Futu Holdings Limited (&#34;Futu&#34; or the &#34;Company&#34;)

<p>New York, New York--(Newsfile Corp. - July 17, 2026) - <a href="https://api.newsfilecorp.com/redirect/Jkox7fAL88">Kaplan Fox &#38; Kilsheimer LLP</a> announces that a class action lawsuit has been filed against Futu Holdings Limited ("Futu" or the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/FUTU">FUTU</a>) on behalf of investors that purchased or otherwise acquired Futu shares between May 24, 2023 and May 27, 2026 (the "Class Period").</p><p style="text-align: center;"><a href="https://api.newsfilecorp.com/redirect/GzBnguy3OJ">CLICK HERE TO JOIN THE CASE</a></p><p><b>If you are an investor in Futu and have suffered losses, you may </b><a href="https://api.newsfilecorp.com/redirect/Q20Nqt7OPM"><b>CLICK HERE</b></a><b> to contact us. You may also contact Kaplan Fox by emailing </b><a href="mailto:pmayer@kaplanfox.com"><b>pmayer@kaplanfox.com</b></a><b> or by calling (646) 315-9003.</b></p><p><b>DEADLINE REMINDER: </b>If you are a member of the proposed Class, you may move the court <u><b>no later than August 25, 2026</b></u> to serve as a lead plaintiff for the purported class.  If you have losses we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery.</p><p>According to the complaint, on May 22, 2026, before the market opened, <i>Reuters</i> published an article reporting that the China Securities Regulatory Commission ("CSRC"), along with seven other government agencies including the central bank, had launched a crackdown aimed at "brokers it accused of illegally moving money to foreign markets" including "overseas firms and their local partners operating without approval." The article allegedly reported that online brokers including Futu "would be penalised for soliciting business in China without an onshore licence, the securities regulator said."</p><p>Also on May 22, 2026, Futu disclosed in a press release that it had received a Notification Letter from the CSRC. The Company reported the letter states "certain Futu entities in mainland China and Hong Kong (the "Related Companies") without obtaining the requisite licenses or approval, conducted securities business, public fund sales business and futures business in mainland China." The press release further states that the CSRC "proposes to order the Related Companies to rectify or cease such activities, confiscate illegal gains, and impose fines, with the total proposed penalty amounting to approximately RMB1.85 billion (approximately USD271 million)." </p><p>On May 22, 2026, the price of Futu shares fell $34.10 per share, or 27.5%, to close at $89.76 per share. </p><p>Then, on May 28, 2026, before the market opened, Futu announced in a press releasee financial results for the first quarter of 2026. According to the complaint, the Company reported net income of HK$831.0 million (US$106.0 million) after giving effect to the proposed penalties comprised of: "(i) confiscation of illegal gains of approximately RMB470 million [approximately $69.21 million USD], and (ii) imposition of fines of approximately RMB1.38 billion, [approximately $20 billion USD] in an aggregate amount of approximately RMB1.85 billion."</p><p>On May 28, 2026, the price of Futu shares fell $5.31 per share, or 4.8%, to close at $104.91 per share. </p><p>The complaint alleges, among other things, that throughout the Class Period, Defendants failed to disclose to investors that (1) Futu was not in compliance with the requirements of the CSRC, including because the Company continued to conduct securities business, public fund sales business and futures business in mainland China without obtaining the requisite licenses or approval; (2) as a result, Futu was reasonably likely to face regulatory penalties, including the disgorgement of ill-gotten gains and other penalties; and (3) as a result of the foregoing, Futu's financial results were overstated.</p><p><b>WHY CONTACT KAPLAN FOX?</b></p><p>Kaplan Fox &#38; Kilsheimer LLP is a nationally recognized law firm focused on complex litigation, with offices in New York, Oakland, Los Angeles, Chicago, and New Jersey. Founded in 1956, the firm has spent more than 50 years prosecuting securities, antitrust, and consumer protection actions in federal and state courts nationwide, recovering more than $10 billion for clients and the classes it has represented.</p><p>Kaplan Fox is widely regarded as one of the nation's premier plaintiffs' securities litigation firms and has received recognition from Chambers and Partners, Benchmark Litigation, Super Lawyers, and Lawdragon. Serving as lead or co-lead counsel in many landmark cases, the firm has secured some of the largest recoveries in the history of securities litigation, including a $2.425 billion recovery on behalf of Bank of America shareholders in <i>In re Bank of America</i>-the largest recovery ever obtained for claims under Section 14(a) of the Securities Exchange Act-$800 million recovered for the Arkansas Teacher Retirement System and other pension funds in <i>ATRS v. Allianz Global Investors</i>, and a $475 million settlement in <i>In re Merrill Lynch</i>.</p><p>For decades, Kaplan Fox has represented public pension funds, institutional investors, businesses, and individuals in high-stakes litigation. Through its successful advocacy and precedent-setting victories, the firm has helped shape important areas of securities and corporate law while advancing accountability and protecting investor interests.</p><p>This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Past results do not guarantee future outcomes.</p><p>If you have any questions about this Notice, your rights, or your interests, please contact:</p><div id="contactInfo"><p><b>CONTACT:</b></p><p>Pamela A. Mayer<br /><a href="https://api.newsfilecorp.com/redirect/mjbn2S4WBY">KAPLAN FOX &#38; KILSHEIMER LLP</a><br />800 Third Avenue, 38th Floor<br />New York, New York 10022<br />(646) 315-9003<br /><a href="mailto:pmayer@kaplanfox.com">pmayer@kaplanfox.com</a></p><p>Laurence D. King<br /><a href="https://api.newsfilecorp.com/redirect/kX3WpuVBvK">KAPLAN FOX &#38; KILSHEIMER LLP</a><br />1999 Harrison Street, Suite 1501<br />Oakland, California 94612<br />(415) 772-4704<br /><a href="mailto:lking@kaplanfox.com">lking@kaplanfox.com</a></p></div><p>Contacting or submitting information to Kaplan Fox &#38; Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client.</p><p><a href="https://api.newsfilecorp.com/redirect/B5JYZSpvOQ">https://www.kaplanfox.com/case/futu-holdings-limited-class-action-alert-learn-more-now/</a></p><p id="corporateNewsLogoContainer"><img src="https://images.newsfilecorp.com/files/12532/305624_604cd7d7047689dc_logo.jpg" id="corporateNewsLogo" alt="Corporate Logo" /></p><p id="corporateLinkBack">To view the source version of this press release, please visit <a href="https://api.newsfilecorp.com/redirect/5WaGnt5L0o">https://www.newsfilecorp.com/release/305624</a></p><p><img src="https://api.newsfilecorp.com/newsinfo/305624/197" alt="" /></p>

FUTU

Kaplan Fox Urges Investors of Futu Holdings Limited (FUTU) with Significant Losses to Seek a Leadership Role Before August 25, 2026

Futu Faces Class-Action Over CSRC Penalties; Near-Term Risk

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>New York, New York--(Newsfile Corp. - July 17, 2026) - Kaplan Fox &amp;amp; Kilsheimer LLP announces that a class action lawsuit has been filed against Futu Holdings Limited (&amp;#34;Futu&amp;#34; or the &amp;#34;Company&amp;#34;)</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Investors face a securities class action tied to a CSRC crackdown and RMB1.85 billion penalties against Futu. The suit heightens regulatory and earnings uncertainty, potentially pressuring FUTU&#039;s valuation in the near term until outcomes clarify the penalties and any settlement.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Kaplan Fox files class action against FUTU. Focus on CSRC crackdown and licensing issues.</li><li>Penalty exposure cited: RMB1.85B; stock fell on May 22.</li><li>May 22 Reuters report; brokers penalized for onshore license issues.</li><li>Q1 2026 results show net income HK$831.0m after penalties.</li><li>Lead plaintiff deadline: August 25, 2026; potential recovery shared.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Futu Holdings Limited (FUTU)</strong>: Subject of class action; potential penalties could affect earnings and stock.</li><li><strong>Kaplan Fox &amp; Kilsheimer LLP (N/A)</strong>: Plaintiff counsel; case dynamics may influence disclosures and settlement timing.</li><li><strong>China Securities Regulatory Commission (N/A)</strong>: Regulator behind crackdown; regulatory risk to FUTU and peers.</li></ul>
  </section>

  <section data-block="category">
    <h3>Legal</h3>
    <p>Category: Legal. The piece centers on a securities class action and regulatory penalties, a classic driver of legal risk and potential valuation impact for FUTU.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Lawsuit filing increases regulatory and legal risk for FUTU.</li><li>RMB1.85B penalties and CSRC crackdown highlight license exposure.</li><li>May 22, 2026 price drop amplified by crackdown news.</li><li>Lead plaintiff deadline August 25, 2026; settlement timing unknown.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>May 22, 2026: CSRC crackdown reported in Reuters.</li><li>CSRC letter to FUTU proposes penalties totaling RMB1.85B.</li><li>May 22, 2026: FUTU stock fell 27.5% to $89.76.</li><li>May 28, 2026: Q1 2026 results report HK$831.0m net income after penalties.</li><li>Lead plaintiff deadline: August 25, 2026.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Near-term downside risk for FUTU persists until legal outcomes and penalties are resolved.</p>
  </section>
</section>


<p>New York, New York--(Newsfile Corp. - July 17, 2026) - <a href="https://api.newsfilecorp.com/redirect/Jkox7fAL88">Kaplan Fox &#38; Kilsheimer LLP</a> announces that a class action lawsuit has been filed against Futu Holdings Limited ("Futu" or the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/FUTU">FUTU</a>) on behalf of investors that purchased or otherwise acquired Futu shares between May 24, 2023 and May 27, 2026 (the "Class Period").</p><p style="text-align: center;"><a href="https://api.newsfilecorp.com/redirect/GzBnguy3OJ">CLICK HERE TO JOIN THE CASE</a></p><p><b>If you are an investor in Futu and have suffered losses, you may </b><a href="https://api.newsfilecorp.com/redirect/Q20Nqt7OPM"><b>CLICK HERE</b></a><b> to contact us. You may also contact Kaplan Fox by emailing </b><a href="mailto:pmayer@kaplanfox.com"><b>pmayer@kaplanfox.com</b></a><b> or by calling (646) 315-9003.</b></p><p><b>DEADLINE REMINDER: </b>If you are a member of the proposed Class, you may move the court <u><b>no later than August 25, 2026</b></u> to serve as a lead plaintiff for the purported class.  If you have losses we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery.</p><p>According to the complaint, on May 22, 2026, before the market opened, <i>Reuters</i> published an article reporting that the China Securities Regulatory Commission ("CSRC"), along with seven other government agencies including the central bank, had launched a crackdown aimed at "brokers it accused of illegally moving money to foreign markets" including "overseas firms and their local partners operating without approval." The article allegedly reported that online brokers including Futu "would be penalised for soliciting business in China without an onshore licence, the securities regulator said."</p><p>Also on May 22, 2026, Futu disclosed in a press release that it had received a Notification Letter from the CSRC. The Company reported the letter states "certain Futu entities in mainland China and Hong Kong (the "Related Companies") without obtaining the requisite licenses or approval, conducted securities business, public fund sales business and futures business in mainland China." The press release further states that the CSRC "proposes to order the Related Companies to rectify or cease such activities, confiscate illegal gains, and impose fines, with the total proposed penalty amounting to approximately RMB1.85 billion (approximately USD271 million)." </p><p>On May 22, 2026, the price of Futu shares fell $34.10 per share, or 27.5%, to close at $89.76 per share. </p><p>Then, on May 28, 2026, before the market opened, Futu announced in a press releasee financial results for the first quarter of 2026. According to the complaint, the Company reported net income of HK$831.0 million (US$106.0 million) after giving effect to the proposed penalties comprised of: "(i) confiscation of illegal gains of approximately RMB470 million [approximately $69.21 million USD], and (ii) imposition of fines of approximately RMB1.38 billion, [approximately $20 billion USD] in an aggregate amount of approximately RMB1.85 billion."</p><p>On May 28, 2026, the price of Futu shares fell $5.31 per share, or 4.8%, to close at $104.91 per share. </p><p>The complaint alleges, among other things, that throughout the Class Period, Defendants failed to disclose to investors that (1) Futu was not in compliance with the requirements of the CSRC, including because the Company continued to conduct securities business, public fund sales business and futures business in mainland China without obtaining the requisite licenses or approval; (2) as a result, Futu was reasonably likely to face regulatory penalties, including the disgorgement of ill-gotten gains and other penalties; and (3) as a result of the foregoing, Futu's financial results were overstated.</p><p><b>WHY CONTACT KAPLAN FOX?</b></p><p>Kaplan Fox &#38; Kilsheimer LLP is a nationally recognized law firm focused on complex litigation, with offices in New York, Oakland, Los Angeles, Chicago, and New Jersey. Founded in 1956, the firm has spent more than 50 years prosecuting securities, antitrust, and consumer protection actions in federal and state courts nationwide, recovering more than $10 billion for clients and the classes it has represented.</p><p>Kaplan Fox is widely regarded as one of the nation's premier plaintiffs' securities litigation firms and has received recognition from Chambers and Partners, Benchmark Litigation, Super Lawyers, and Lawdragon. Serving as lead or co-lead counsel in many landmark cases, the firm has secured some of the largest recoveries in the history of securities litigation, including a $2.425 billion recovery on behalf of Bank of America shareholders in <i>In re Bank of America</i>-the largest recovery ever obtained for claims under Section 14(a) of the Securities Exchange Act-$800 million recovered for the Arkansas Teacher Retirement System and other pension funds in <i>ATRS v. Allianz Global Investors</i>, and a $475 million settlement in <i>In re Merrill Lynch</i>.</p><p>For decades, Kaplan Fox has represented public pension funds, institutional investors, businesses, and individuals in high-stakes litigation. Through its successful advocacy and precedent-setting victories, the firm has helped shape important areas of securities and corporate law while advancing accountability and protecting investor interests.</p><p>This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Past results do not guarantee future outcomes.</p><p>If you have any questions about this Notice, your rights, or your interests, please contact:</p><div id="contactInfo"><p><b>CONTACT:</b></p><p>Pamela A. Mayer<br /><a href="https://api.newsfilecorp.com/redirect/mjbn2S4WBY">KAPLAN FOX &#38; KILSHEIMER LLP</a><br />800 Third Avenue, 38th Floor<br />New York, New York 10022<br />(646) 315-9003<br /><a href="mailto:pmayer@kaplanfox.com">pmayer@kaplanfox.com</a></p><p>Laurence D. King<br /><a href="https://api.newsfilecorp.com/redirect/kX3WpuVBvK">KAPLAN FOX &#38; KILSHEIMER LLP</a><br />1999 Harrison Street, Suite 1501<br />Oakland, California 94612<br />(415) 772-4704<br /><a href="mailto:lking@kaplanfox.com">lking@kaplanfox.com</a></p></div><p>Contacting or submitting information to Kaplan Fox &#38; Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client.</p><p><a href="https://api.newsfilecorp.com/redirect/B5JYZSpvOQ">https://www.kaplanfox.com/case/futu-holdings-limited-class-action-alert-learn-more-now/</a></p><p id="corporateNewsLogoContainer"><img src="https://images.newsfilecorp.com/files/12532/305624_604cd7d7047689dc_logo.jpg" id="corporateNewsLogo" alt="Corporate Logo" /></p><p id="corporateLinkBack">To view the source version of this press release, please visit <a href="https://api.newsfilecorp.com/redirect/5WaGnt5L0o">https://www.newsfilecorp.com/release/305624</a></p><p><img src="https://api.newsfilecorp.com/newsinfo/305624/197" alt="" /></p>

Investors face a securities class action tied to a CSRC crackdown and RMB1.85 billion penalties against Futu. The suit heightens regulatory and earnings uncertainty, potentially pressuring FUTU's valuation in the near term until outcomes clarify the penalties and any settlement.

Kaplan Fox Urges Investors of Futu Holdings Limited (FUTU) with Significant Losses to Seek a Leadership Role Before August 25, 2026

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Legal

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