regulation2026-07-23 12:05:14China CSRC Targets Cross-Border Brokerages: Seeks to Confiscate All Illegal Gains from Tiger, Futu, LongbridgeChina's securities regulator plans to confiscate all illegal gains from Tiger Brokers, Futu Securities, and Longbridge Securities, both domestically and overseas, marking an escalation from curbing new accounts to liquidating past profits for cross-border brokerage services.680
regulation2026-07-23 09:15:16China CSRC Slaps Record Fines on Futu ($1.85B) and Tiger ($410M), CEOs Each Fined $182,500China's securities regulator imposed massive fines on cross-border brokerages Futu Holdings and Tiger Brokers for illegal operations, totaling 2.26 billion yuan. Both companies said mainland client assets now account for only about 10% of total client assets.670
Tiger Brokers2026-07-23 04:10:13Tiger Brokers to Halt New Positions and Deposits for Mainland China Accounts From June 12Tiger Brokers said mainland China investors will no longer be able to open or add positions or transfer funds in from June 12, 2026, while sell orders, position closing, and withdrawals will remain available.520
Futu2026-07-22 19:55:14Futu to Halt Buy Orders and Deposits for Mainland China Accounts Starting June 12Futu said it will suspend buy orders and fund deposits for existing mainland China investors from June 12, while sell orders and withdrawals will remain available. About 440,000 accounts are affected.580
China regulat2026-07-22 17:25:13China's Crackdown on Futu and Tiger Triggers RWA Safe-Haven Rush, Ondo Finance Token Surges 17%China's securities regulator banned Futu and Tiger Securities from serving mainland clients, cutting off the traditional channel for investing in US stocks. The RWA leader Ondo Finance becomes a digital safe haven, with ONDO token jumping 17% and TVL exceeding $3.7 billion.640
Insider Tradi2026-07-03 15:18:13DOJ and SEC Probe Susquehanna Insider Trading Allegations Involving Over $100 MillionThe U.S. Department of Justice and the Securities and Exchange Commission are investigating insider trading allegations raised by Susquehanna International Group. According to the firm, unidentified traders used non-public information ahead of a Chinese regulatory announcement in May 2026 to buy short-dated put options on Futu Holdings and Tiger Brokers. Susquehanna claims the trades generated more than $100 million in illicit profits and caused the firm losses exceeding $70 million. The company filed suit against 100 John Doe defendants on June 29 and is seeking a court subpoena for Interactive Brokers to identify the traders and freeze related accounts. The SEC confirmed on July 2 that it is reviewing the trading activity, while the DOJ has launched a separate investigation. The case is now centered on identifying the traders, tracing account ownership, and determining whether the trades were based on material non-public information.2120
insider tradi2026-07-02 12:31:14SEC Probes Susquehanna Insider Trading Allegations: Options Bet Made $100M Before China CrackdownU.S. regulators are investigating insider trading allegations brought by Susquehanna International Group. The market maker claims an unknown trader made approximately $100 million in options profits before China's regulatory crackdown on Futu and Tiger Brokers on May 22. Susquehanna suffered over $70 million in losses as the counterparty and has filed a lawsuit in Manhattan federal court, obtaining a freeze on related accounts. The SEC is reviewing the transactions. Futu was fined 1.85 billion yuan, and its founder's wealth dropped $1.7 billion in a single day. The case highlights risks in cross-border securities and options markets.2100
insider tradi2026-07-02 12:01:36US SEC Probes Insider Trading Allegations in Futu/Tiger Brokers Crackdown: Susquehanna Claims $100M Options ProfitChainCatcher reports that US regulators are investigating insider trading allegations brought by Susquehanna International Group, which claims unknown traders made $100 million in options profits before China's regulatory crackdown on cross-border brokerages Futu Securities and Tiger Brokers. Susquehanna, acting as counterparty, lost over $70 million and has obtained a court order to freeze related accounts. The SEC is reviewing the trades described in the lawsuit, which targeted options expiring after the May 22 regulatory announcement that led to Futu being fined 1.85 billion RMB and its founder losing $1.7 billion in a single day.2180
