UP Fintech Holding Limited (“UP Fintech” or the “Company”) (NASDAQ: TIGR) is the subject of a securities fraud class action lawsuit filed on behalf of investors who purchased or otherwise acquired the Company’s securities from April 22, 2024 through June 2, 2026, inclusive. The Law Offices of Howard G. Smith today reported the lawsuit, Liao v. Up Fintech Holdings Limited et al, which was filed on October 26, 2026 in the U.S. District Court District of New Jersey (Case No. 2:26-cv-13939). The deadline for UP Fintech Holding Limited investors to file a lead plaintiff motion is December 28, 2026.
Investors with losses on UP Fintech Holding Limited securities can contact The Law Offices of Howard G. Smith about the UP Fintech Holding Limited class action to discuss potential claims under the federal securities laws before the December 28, 2026 lead plaintiff deadline.
Important dates in the UP Fintech Holding Limited case
- Complaint filing date: October 26, 2026
- Court: U.S. District Court District of New Jersey
- Class period: April 22, 2024 through June 2, 2026, inclusive
- Deadline for lead plaintiff motions: December 28, 2026
What happened?
On May 22, 2026, UP Fintech disclosed that its Tiger Brokers subsidiary was the subject of an investigation by the China Securities Regulatory Commission (CSRC) into unlicensed cross-border securities business and illegal activities relating to fund and futures business in mainland China — an investigation that also caught peers Futu and Longbridge — and that it could face administrative penalties and confiscation of alleged illegal income.
On this news, UP Fintech’s stock price fell $1.48, or 25.34%, to close at $4.36 per share on May 22, 2026, thereby injuring investors.
Then, on June 2, 2026, before market open, the Company issued a press release entitled “UP Fintech Holding Limited Reports Unaudited First Quarter 2026 Financial Results.” The article contained the following statement from Tianhua Wu, a director and CEO of the Company, “Net loss and non-GAAP net loss attributable to UP Fintech for the quarter were $26.9 million and $23.8 million, versus net income of $30.4 million and $36.0 million in the same quarter last year. Recently on May 22, the Beijing Bureau of the China Securities Regulatory Commission (CSRC) issued administrative penalties and ordered the confiscation of illegal gains against certain subsidiaries of the Company, with a total amount of approximately RMB 411 million (equivalent to roughly $59.7 million).“
On this news, UP Fintech ADSs fell $0.20 per ADS, or 3.86%, to close at $4.97 on June 2, 2026. The following day, UP Fintech ADSs fell a further $0.30 per ADS, or 6%, to close at $4.67 on June 3, 2026, thereby further injuring investors.
Allegations in the UP Fintech Holding Limited lawsuit
The UP Fintech Holding Limited shareholder lawsuit alleges that, throughout the class period, defendants made materially false and/or misleading statements and failed to disclose material adverse facts about UP Fintech Holding Limited’s business, operations, and prospects. Specifically, the complaint alleges defendants failed to disclose to investors that: (1) UP Fintech materially understated its legal and regulatory risk, considering its continued illegal activity in China; and (2) as a result, defendants’ positive statements about UP Fintech Holding Limited’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
UP Fintech Holding Limited investors who purchased or otherwise acquired securities during the class period may move the Court by December 28, 2026 to seek appointment as lead plaintiff in this putative class action.
“The lawsuit against UP Fintech Holding Limited alleges that, among other things, the Company failed to tell investors that UP Fintech materially understated its legal and regulatory risk, considering its continued illegal activity in China. UP Fintech Holding Limited investors who bought during the class period may be able to pursue their losses through this class action, and the December 28, 2026 lead plaintiff deadline is an important first date,” said Howard G. Smith of The Law Offices of Howard G. Smith.
Next steps for UP Fintech Holding Limited investors
UP Fintech Holding Limited investors who suffered losses may contact The Law Offices of Howard G. Smith to learn about pursuing their claims. For more information, visit the firm’s website, email howardsmith@howardsmithlaw.com, or call (215) 638-4847.
To be a member of the UP Fintech Holding Limited class, you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent class member. No class has been certified so far in the UP Fintech Holding Limited case.
Common questions from UP Fintech Holding Limited investors
Who is eligible? Investors who acquired UP Fintech Holding Limited securities from April 22, 2024 through June 2, 2026 and suffered losses may qualify for the class in the UP Fintech Holding Limited shareholder lawsuit.
Where is the UP Fintech Holding Limited case pending? The UP Fintech Holding Limited class action, Liao v. Up Fintech Holdings Limited et al, is pending in the U.S. District Court District of New Jersey (Case No. 2:26-cv-13939).
Do I have to do anything to be in the UP Fintech Holding Limited class? No, UP Fintech Holding Limited investors need not take any action at this time and may remain absent class members.
Does it cost anything? The Law Offices of Howard G. Smith works on contingency, meaning UP Fintech Holding Limited investors owe no attorneys’ fees out of pocket. Any attorneys’ fees and litigation expenses are paid solely from a recovery, if achieved, and require court approval.
About The Law Offices of Howard G. Smith
The Law Offices of Howard G. Smith has helped injured investors recover their money for more than 15 years. The firm prosecutes securities fraud, takeover, and derivative litigation against public companies and their officers, directors, and advisors in federal and state courts nationwide, and has helped clients recover hundreds of millions of dollars in losses. Clients speak directly with a lawyer, who will promptly answer any question.
Prior results do not guarantee a similar outcome.
Related links
- UP Fintech Holding Limited case page, The Law Offices of Howard G. Smith
- Complaint: Liao v. Up Fintech Holdings Limited et al, U.S. District Court District of New Jersey
- Up Fintech Press Release
- UP Fintech Holding Limited SEC filings index, EDGAR
- The Law Offices of Howard G. Smith
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: https://www.businesswire.com/news/home/20261028834686/en/
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