The Hong Kong Securities and Futures Commission has prohibited Futu Securities International (Hong Kong) Limited from dealing with or processing up to HKD 125.247 million of assets in client accounts held by an entity suspected of participating in a scheme to create false or artificial demand for shares in an initial public offering. Without the commission’s prior written consent, Futu may not dispose of, deal with or assist others in dealing with the restricted assets and must immediately report any related instructions. Futu is not under investigation, and the restriction does not affect the firm or its other clients. The commission’s investigation is continuing.
Hong Kong Securities & Futures Commission2026-07-30
Hong Kong Securities and Futures Commission restricts dealings in up to HKD 125.247 million of assets linked to suspected IPO fraud
The Hong Kong Securities and Futures Commission has restricted dealings in up to HKD 125.247 million of assets held at Futu by an entity suspected of involvement in an IPO demand manipulation scheme. Futu is not under investigation, and the restriction does not affect the firm or its other clients.