On July 2, Futu Holdings declined 5.01% in regular trading, trading at $94.86/share, with turnover of $106 million. The stock continues to face pressure from multiple negative catalysts related to Chinese regulatory actions and fresh legal concerns.

On the news front, Susquehanna International Group recently filed a lawsuit alleging large-scale insider trading ahead of the May 22 regulatory announcement. The complaint claims that unidentified traders purchased approximately $12 million in put options on Futu and Tiger Brokers shares in the two weeks prior to the China Securities Regulatory Commission's enforcement action, generating profits exceeding $100 million — a return of over 900%. Some of these trades were reportedly executed through Interactive Brokers and platforms operated by Futu and Tiger Brokers themselves.

The regulatory backdrop remains challenging as Futu's mainland China service suspension — halting all buy-side transactions and fund inflows — took effect on June 12 as part of a two-year concentrated remediation period. The CSRC has proposed fines totaling approximately RMB 1.85 billion for unauthorized securities and futures business operations on the mainland.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)