NewsMV
The DJS Law Group has filed a class action lawsuit against Futu Holdings Limited (NASDAQ: FUTU), the Los Angeles-based firm announced on June 29, 2026, alleging the online brokerage violated federal securities law.
The complaint targets alleged breaches of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, as well as Rule 10b-5 promulgated thereunder.
The Allegations The suit invokes the two most commonly cited provisions in investor class actions: Section 10(b), the broad anti-fraud clause that prohibits material misstatements or omissions in connection with the purchase or sale of a security, and Section 20(a), which extends liability to controlling persons — typically executives — for underlying violations committed by the company.
Rule 10b-5 fills in the implementing language beneath Section 10(b), covering any device, scheme, or artifice to defraud investors.
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