The Law Offices of Frank R. Cruz Announces Investigation of UP Fintech Holding Limited (TIGR) on Behalf of Investors

LOS ANGELES–(BUSINESS WIRE)–The Law Offices of Frank R. Cruz announces an investigation of UP Fintech Holding Limited (“UP Fintech” or the “Company”) (NASDAQ: TIGR) on behalf of investors concerning the Company’s possible violations of federal securities laws.

If you are a shareholder who suffered a loss, click here to participate.

On December 30, 2022, The Wall Street Journal reported that the China Securities Regulatory Commission (“CSRC”) had issued a statement disclosing that UP Fintech “violated its domestic laws by allowing customers on the mainland to make cross-border trades,” and that the Company’s “act of offering offshore securities-trading services to clients in mainland China doesn’t comply with the country’s laws and regulations.” According to the article, the CSRC “had discussions with . . . UP Fintech’s senior executives in late 2021 and told them to comply with such laws.”

On this news, UP Fintech’s stock price fell $1.36, or 28.5%, to close at $3.41 per share on December 30, 2022, thereby injuring investors.

Follow us for updates on Twitter: twitter.com/FRC_LAW.

If you purchased UP Fintech securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to [email protected], or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts

The Law Offices of Frank R. Cruz, Los Angeles

Frank R. Cruz, 310-914-5007

[email protected]
www.frankcruzlaw.com

Read Previous

o9 Solutions Grows Annual Recurring Revenue by 84% in 2022

Read Next

KBRA Releases Research – 2023 Financial Institutions Sector Outlook: Private Equity and Private Credit Asset Managers Enjoy Relative Resilience

Leave a Reply

Most Popular

Please turn AdBlock off