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just broke no English news yet so I translated this from a Chinese website China’s top securities watchdog has launched an official probe into the domestic and overseas arms of Tiger Brokers, Futu Securities, and Longbridge Securities over illegal operations in the mainland. The regulator has already issued a prior notice of administrative penalties to the firms. According to the China Securities Regulatory Commission (CSRC), these platforms were marketing securities, processing trades, and pocketing profits in mainland China without the …
— ORIGINAL POST ·
Futu MooMoo investigate by the Chinese government, stock plunged by 30%+ per market
· r/stocks
· May 22, 2026