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Investors in Futu Holdings Limited have until August 25, 2026, to apply for lead plaintiff status in a pending securities class action.
The lawsuit claims the company operated without licenses required by China's main securities regulator, the CSRC, which stands for China Securities Regulatory Commission.
SueWallSt, the firm publicizing the action, says the liability case extends to individual executives who certified the company's SEC filings.
What the lawsuit actually claims Section 20(a) of the Securities Exchange Act is the provision that lets courts hold individual corporate officers personally liable for securities violations committed by the companies they controlled.
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