The regulatory scrutiny intensified on May 22, 2026, when Reuters reported that Chinese authorities intended to penalize brokers accused of moving capital into foreign markets illegally. Futu was explicitly cited as a target for these enforcement actions due to its cross-border operations. The subsequent market reaction wiped out more than a quarter of the company's valuation in a single session.

Kessler Topaz, a firm specializing in securities-fraud class actions, is now seeking to represent investors who suffered financial losses during this period. The firm, which has recovered over $25 billion in past litigation, invites affected shareholders to review their legal rights. Attorney Jonathan Naji is overseeing the inquiry, which remains open to both individual and institutional investors at no upfront cost.