Press release
Investigation announced for Investors who lost money with shares of UP Fintech Holding Limited (NASDAQ: TIGR)
An investigation on behalf of investors in UP Fintech Holding Limited (NASDAQ: TIGR) shares over potential wrongdoing.
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 Limited officers and 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 $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 $2.84 per share on April 25, 2023.
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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