Investigation announced for Investors who lost money with shares of Futu Holdings Limited (NASDAQ: FUTU) concerning possible Wrongdoing

An investigation was announced for long-term investors in shares of Futu Holdings Limited (NASDAQ: FUTU) concerning potential breaches of fiduciary duties by certain directors of Futu Holdings Limited.

Investors who are current long term investors in Futu Holdings Limited (NASDAQ: FUTU) shares, 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 for current long term investors in NASDAQ: FUTU stocks follows a lawsuit filed against Futu Holdings Limited over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: FUTU stocks, concerns whether certain Futu Holdings Limited directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the District of New Jersey the plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose, among other things, that Futu Holdings Limited's business was, quite simply, illegal as it related to operations in China as a result of its failure to obtain the proper licenses, that it did not fully disclose to investors that it was engaging in unlawful activity and instead falsely characterized the applicable Chinese laws as ambiguous, that the foregoing subjected the Company to a heightened risk of regulatory enforcement, and that as a result, Defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Those who purchased shares of Futu Holdings Limited (NASDAQ: FUTU) 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.

This release was published on openPR.