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Investigation announced for NASDAQ:: TIGR Investors over possible Wrongdoing at UP Fintech Holding Limited

10-09-2019 04:15 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of investors in UP Fintech Holding Limited (NASDAQ: TIGR) shares over potential wrongdoing.

An investigation on behalf of investors in UP Fintech Holding Limited (NASDAQ: TIGR) shares over potential wrongdoing.

Certain directors of UP Fintech Holding Limited are under investigation over potential breaches of fiduciary duties.

Investors who purchased shares of UP Fintech Holding Limited (NASDAQ: TIGR) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain UP Fintech Holding directors breached their fiduciary duties and caused damage to the company and its shareholders.

China based UP Fintech Holding Limited provides online brokerage services focusing on Chinese investors. UP Fintech Holding Limited reported that its annual Total Revenue rose from $16.94 million in 2017 to $33.56 million in 2018 and that its Net Loss increased from $7.51 million in 2017 to $43.2 million in 2018. On or about March 20, 2019, UP Fintech Holding Limited sold 13 million shares of stock in its initial public stock offering (the "IPO"), at $8.00 a share raising $104,000,000 in new capital.

Shares of UP Fintech Holding Limited (NASDAQ: TIGR) declined from $17.80 per share in April 2019 to as low as $3.71 per share on August 5, 2019.

Those who purchased shares of UP Fintech Holding Limited (NASDAQ: TIGR) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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