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Futu Holdings responds to the penalty: Currently, clients' account assets and various services are unaffected.

MeNews
ME News Report, May 22 (UTC+8), Futu Holdings experienced a drop of over 40% in the pre-market trading on the U.S. stock market. The China Securities Regulatory Commission plans to confiscate all illegal gains of Tiger, Futu, and Changqiao and impose severe penalties on related entities both domestically and abroad. In response, Futu Holdings staff stated that the company has noted this regulatory development and is studying the relevant information. Once the information is comprehensive, the company will issue a unified response. Currently, Futu Holdings' business operations are normal, and clients' account assets and various services are unaffected. (Source: MLion)
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GateUser-953e1a14
· 10h ago
Back then, everyone was hyping global allocation; now it's a mess everywhere.
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QuantsAndCats
· 11h ago
Futu's 40% plunge this time was so intense. How are the veteran holders doing?
View OriginalReply0
LimitOrderMonk
· 11h ago
Researching related information = haven't figured out how to smooth things over yet, classic talking points
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FeeFiFoFum
· 11h ago
Pre-market plummets 40%, shorts are laughing their heads off
View OriginalReply0
CraterLiquidity
· 11h ago
Customer assets are unaffected? Don't relax just yet, wait and see what happens next.
View OriginalReply0
YieldNotYell
· 11h ago
The regulatory iron fist has finally come down; the days of cross-border brokers are over.
View OriginalReply0

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