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Deep Tide TechFlow News, May 22 — Futu Holdings disclosed that it has received investigation notices and preliminary administrative penalty notices from the China Securities Regulatory Commission (CSRC) and its Shenzhen bureau. The CSRC pointed out that some Futu-related companies in mainland China and Hong Kong have engaged in securities business, public fund sales, and futures business in mainland China without obtaining the necessary licenses or approvals, allegedly violating the Securities Law, the Securities Investment Fund Law, and the Futures and Derivatives Law. The CSRC plans to order the relevant companies to rectify or cease related activities, confiscate illegal gains, and impose fines. The total proposed fines amount to approximately 1.85 billion RMB, and a fine of 1.25 million RMB is also proposed for founder and CEO Li Hua.