Investors Face August 25 Deadline in Futu Holdings Securities Lawsuit

The lawsuit, filed by Rosen Law Firm, alleges that Futu Holdings failed to disclose that it operated securities, public fund, and futures businesses in mainland China without obtaining necessary approvals from the China Securities Regulatory Commission. According to the complaint, these omissions rendered the company's financial statements and public assertions about its business prospects materially misleading. Plaintiffs contend that the revelation of these regulatory gaps led to significant investor losses.

Investors wishing to participate in the class action do not need to pay out-of-pocket fees, as the case operates under a contingency fee arrangement. While a lawsuit has been initiated, no class has been formally certified yet. Investors retain the right to select their own counsel or remain absent members of the class. Those seeking to serve as lead plaintiff must move the court by the August 25 deadline. Interested parties are directed to contact Phillip Kim at Rosen Law Firm for further documentation.