NasdaqGM:FUTUCapital Markets
Futu Holdings (NasdaqGM:FUTU) Faces Insider Trading Probe Across US And China
U.S. and Chinese authorities are investigating suspected large-scale insider trading tied to Futu Holdings (NasdaqGM:FUTU) accounts.
The activity reportedly occurred just before China announced a regulatory crackdown on cross-border brokerages.
The U.S. Justice Department and SEC are leading the probe, alleging anonymous traders may have made significant profits using advance knowledge of the crackdown.
Court orders have frozen certain accounts at Futu Holdings as part of the ongoing...