Futu Not Under Investigation as Hong Kong SFC Freezes HK$125M Client Assets

Futu not under investigation as Hong Kong SFC freezes HK$125M client assets

The Hong Kong Securities and Futures Commission has issued a restriction notice freezing assets worth up to HK$125.247 million in a client account at Futu Securities International Limited as part of an ongoing investigation into suspected IPO share manipulation. According…

Hong Kong regulators freeze US$15.9 million linked to suspected IPO fraud

Regulator action comes amid broader push to strengthen IPO safeguards after rapid market recovery.

SFC Restricts HK$125M in Client Assets Over Suspected IPO Fraud Scheme

The Securities and Futures Commission (SFC) has issued a restriction notice to Futu Securities International (Hong Kong) Limited, restricting dealings in up to HK$125.247 million of client assets. The regulator said an entity suspected of involvement in a fraudulent scheme to create a false or artificial appearance of demand for shares in an IPO holds the accounts. SFC clarified that Futu itself is not the subject of the ongoing investigation an…

Hong Kong Regulator Orders Futu to Freeze HK$125 Million over Suspected IPO Fraud

Hong Kong’s Securities and Futures Commission (SFC) has ordered Futu Securities International to freeze up to HK$125.25 million (approximately US$16.1 million) in client assets linked to suspected initial public offering fraud.According to the regulator’s announcement, the accounts are held by an entity suspected of participating in a scheme intended to create a false or artificial appearance of demand for shares offered through an IPO.The SFC d…