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Futu and Tiger Securities Face Suspicion of Insider Trading Ahead of Penalty Announcement

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On May 23, according to public options data platforms and market information, prior to the China Securities Regulatory Commission's announcement on May 22 regarding administrative penalties for Futu and Tiger Securities, there was an unusual surge in the trading volume of related U.S. stock put options for Futu and Tiger on May 7, 19, and 21. The highest trading volume occurred just before the official announcement, with StreetInsider alerting at 09:57 AM Eastern Time on May 21 about abnormal put option transactions for FUTU and TIGR. ThetaOwl data also indicated that the put/call volume ratio for Futu's options expiring on May 22 was significantly higher on May 21. Some market analysts believe that these unusual movements may indicate that funds had already positioned themselves in a bearish direction before the announcement, raising suspicions of insider trading or front-running.
FUTU-27.71%
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