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Investigation announced for Investors in shares of UP Fintech Holding Limited (NASDAQ: TIGR) Investor Alert: Investigation over possible Violations of Securities Laws

01-25-2023 03:52 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation for investors in UP Fintech Holding Limited (NASDAQ: TIGR) shares over potential securities laws violations.

An investigation for investors in UP Fintech Holding Limited (NASDAQ: TIGR) shares over potential securities laws violations.

An investigation was announced for investors of UP Fintech Holding Limited (NASDAQ: TIGR) shares over potential securities laws violations by UP Fintech Holding Limited.

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 focuses on possible claims on behalf of purchasers of the securities of UP Fintech Holding Limited (NASDAQ: TIGR) concerning whether a series of statements by UP Fintech Holding Limited regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

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 $138.49 million in 2020 to $264.48 million in 2021, and that its Net Income declined from $16.06 million in 2020 to $14.69 million in 2021.

On December 30, 2022, the China Securities Regulatory Commission issued a statement that UP Fintech had for years operated cross-border securities trading businesses without the commission's approval. Specifically, the China Securities Regulatory Commission stated that "[UP Fintech's] act has constituted illegal operation of securities business according to the Securities Law and related regulations[.]"

Shares of UP Fintech Holding Limited (NASDAQ: TIGR) declined from $5.79 per share on December 05, 2022, to $3.20 per share on January 03, 2022.

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

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 lawsuits, 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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