The investigation centers on allegations that the online brokerage solicited business in China without holding the required onshore licenses. This regulatory scrutiny was brought to light by a Reuters report detailing a broader crackdown by Chinese authorities on illegal cross-border investment activity, which explicitly named Tiger, Futu, and Longbridge as targets for potential penalties.

Rosen Law Firm is now seeking to represent shareholders in a prospective class action to recover losses stemming from the stock's sharp decline. Investors who purchased securities during the relevant period may be eligible for compensation under a contingency fee arrangement. Those interested in the case are encouraged to contact Phillip Kim at 866-767-3653 or visit the firm's website to review eligibility for the suit.