Futu Gets Investigation Notice From China Regulator

Dow Jones05-22 21:38

By Nicholas G. Miller

Futu Holdings received a notice of investigation and an administrative penalty pre-notification letter from the China Securities Regulatory Commission and its Shenzhen bureau.

Shares sank 37% to $78.50 in premarket trading.

The commission alleges that certain Futu entities in mainland China and Hong Kong conducted securities business, public fund sales business and futures business in mainland China without obtaining the requisite licenses or approval.

The regulator plans to order the company to rectify or cease such activities, confiscate illegal gains, and impose fines. The total proposed penalty is worth RMB1.85 billion ($271 million). The commission is also proposing to impose a personal fine of RMB1.25 million on Chief Executive Li Hua.

Also on Friday, China's securities regulator said it plans to impose penalties on other online brokerages, Tiger Brokers' New Zealand subsidiary and LongBridge Securities' Hong Kong unit, for trading infractions in the mainland.

Write to Nicholas G. Miller at nicholas.miller@wsj.com.

(END) Dow Jones Newswires

May 22, 2026 09:38 ET (13:38 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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Miller \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Futu Holdings received a notice of investigation and an administrative penalty pre-notification letter from the <a href=\"https://laohu8.com/S/601066\">China Securities</a> Regulatory Commission and its Shenzhen bureau. \n</p>\n<p>\n  Shares sank 37% to $78.50 in premarket trading. \n</p>\n<p>\n  The commission alleges that certain Futu entities in mainland China and Hong Kong conducted securities business, public fund sales business and futures business in mainland China without obtaining the requisite licenses or approval. \n</p>\n<p>\n  The regulator plans to order the company to rectify or cease such activities, confiscate illegal gains, and impose fines. The total proposed penalty is worth RMB1.85 billion ($271 million). The commission is also proposing to impose a personal fine of RMB1.25 million on Chief Executive Li Hua. \n</p>\n<p>\n  Also on Friday, China's securities regulator said it plans to impose penalties on other online brokerages, Tiger Brokers' New Zealand subsidiary and LongBridge Securities' Hong Kong unit, for trading infractions in the mainland. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Nicholas G. 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Miller at nicholas.miller@wsj.com. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 22, 2026 09:38 ET (13:38 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0072462343.USD","symbol_name":"贝莱德亚洲巨龙基金","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2637317566","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2637317566","pubTimestamp":1779457080,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Futu Holdings received a notice of investigation and an administrative penalty pre-notification letter from the China Securities Regulatory Commission and its Shenzhen bureau.Shares sank 37% to $78.50 in premarket trading.The commission alleges that certain Futu entities in mainland China and Hong Kong conducted securities business, public fund sales business and futures business in mainland China without obtaining the requisite licenses or approval.The regulator plans to order the company to rectify or cease such activities, confiscate illegal gains, and impose fines. 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Miller \n\n\n \n\n\n  Futu Holdings received a notice of investigation and an administrative penalty pre-notification letter from the China Securities Regulatory Commission and its Shenzhen bureau. \n\n\n  Shares sank 37% to $78.50 in premarket trading. \n\n\n  The commission alleges that certain Futu entities in mainland China and Hong Kong conducted securities business, public fund sales business and futures business in mainland China without obtaining the requisite licenses or approval. \n\n\n  The regulator plans to order the company to rectify or cease such activities, confiscate illegal gains, and impose fines. The total proposed penalty is worth RMB1.85 billion ($271 million). 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