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

Hong Kong Freezes $16 Million in Futu Client Accounts in IPO Fraud Crackdown

Hong Kong Freezes $16 Million in Futu Client Accounts in IPO Fraud Crackdown - The move comes as syndicates exploit vulnerabilities in the city’s new share allocation rules

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 Orders Futu to Freeze HK$125M Over Fake IPO Demand

Why Did The SFC Freeze Assets Held At Futu? Hong Kong’s Securities and Futures Commission has ordered Futu Securities International to freeze up to HK$125.25 million, or about US$16 million, held in accounts belonging to an unnamed entity suspected of creating artificial demand for shares in an initial public offering. The restriction notice prevents Futu from transferring, disposing of or otherwise dealing with the affected assets without writt…

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 SFC Freezes HK$125 Million in Futu Client Assets Over Suspected IPO Market Manipulation Scheme

The post Hong Kong SFC Freezes HK$125 Million in Futu Client Assets Over Suspected IPO Market Manipulation Scheme appeared first on YUAN TALKS.