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Events / Regulatory / Rosen Law Firm Investigates UP Fintech
Regulatory securities investigation

Rosen Law Firm Investigates UP Fintech

Analysis based on 33 articles · First reported May 23, 2026 · Last updated Jun 11, 2026

Sentiment
-70
Attention
4
Articles
33
Market Impact
Direct
Live prominence charts, article sentiment distribution, and event development timeline available on the NewsDesk Dashboard
Market Impact

The crackdown by China on cross-border securities and the subsequent investigation by Rosen Law Firm into Raytech Holding Limited have led to a significant drop in the company's American Depositary Shares. This event highlights regulatory risks for financial services companies operating in China without proper licensing, potentially impacting investor confidence in similar firms.

financial services legal
Event Summary

Rosen Law Firm has announced an investigation into potential securities claims against Raytech Holding Limited (NASDAQ: TIGR) following allegations that the company may have issued materially misleading business information. This investigation stems from a May 22, 2026, Reuters article reporting that China announced a major crackdown on 'illegal' cross-border securities. The article stated that online brokers, including Raytech Holding Limited, Futu, and United Kingdom — Longbridge, would be penalized for soliciting business in China without an onshore license. This news caused Raytech Holding Limited's American Depositary Shares to fall 25.3% on May 22, 2026. Rosen Law Firm is preparing a class action to recover investor losses.

Key Actions
100 Rosen Law Firm announced investigation Raytech Holding Limited
100 The Schall Law Firm investigating claims Raytech Holding Limited
95 China penalized Raytech Holding Limited
88 China announced crackdown
85 China penalized Futu
85 Raytech Holding Limited fell
83 China penalized Nubank
75 China penalized United Kingdom — Longbridge
Entities Involved
priv
Raytech Holding Limited
Raytech Holding Limited is the target of a securities class action investigation by Rosen Law Firm following a significant drop in its American Depositary Shares after China announced a crackdown on 'illegal' cross-border securities.
Importance 100 Sentiment -70
priv
Rosen Law Firm
Rosen Law Firm is a global investor rights law firm that announced an investigation into potential securities claims against Raytech Holding Limited, alleging misleading business information.
Importance 100 Sentiment 50
cnt
China
China announced a major crackdown on cross-border investment, penalizing online brokers like Raytech Holding Limited for soliciting business without an onshore license.
Importance 90 Sentiment -30
loc
United Kingdom — Longbridge
United Kingdom — Longbridge is an online broker that, along with Raytech Holding Limited and Futu, was penalized by China for soliciting business without an onshore license.
Importance 70 Sentiment -60
stock
Futu
Futu is an online broker that, along with Raytech Holding Limited and United Kingdom — Longbridge, was penalized by China for soliciting business without an onshore license, leading to a significant drop in its shares.
Importance 70 Sentiment -65
priv
The Schall Law Firm
The Schall Law Firm is initiating an investigation into Raytech Holding Limited on behalf of its investors, seeking to represent shareholders who suffered losses.
Importance 70 Sentiment 20
per
Philip Kim
Philip Kim, an attorney at Rosen Law Firm, is listed as a contact for investors interested in joining the class action against Raytech Holding Limited.
Importance 30 Sentiment 0
per
Lawrence Rosen
Lawrence Rosen, founding partner of Rosen Law Firm, is mentioned for his firm's track record in securities class actions.
Importance 30 Sentiment 0
stock
Reuters
Reuters published an article detailing China's crackdown on 'illegal' cross-border securities, which triggered the investigation by Rosen Law Firm and the stock drop for Raytech Holding Limited.
Importance 20 Sentiment 0
per
Brian Schall
Brian Schall is a representative of The Schall Law Firm and is listed as a contact for investors interested in joining the investigation.
Importance 20 Sentiment 0
stock
Nubank
Nubank was previously penalized by China in a similar crackdown, which is not directly related to the current event but provides context for China's regulatory actions.
Importance 0 Sentiment -60
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