Securities Fraud Lawsuit Filed Against UP Fintech Holding Limited: The Law Offices of Frank R. Cruz Outlines Lead Plaintiff Deadline

Securities Fraud Lawsuit Filed Against UP Fintech Holding Limited: The Law Offices of Frank R. Cruz Outlines Lead Plaintiff Deadline LOS ANGELES--( BUSINESS WIRE)--A securities class action lawsuit has been filed against UP Fintech Holding Limited ("UP Fintech" or the "Company") (NASDAQ: TIGR) on behalf of investors who purchased or otherwise acquired UP Fintech Holding Limited securities from April 22, 2024 to June 2, 2026, inclusive. The Law Offices of Frank R. Cruz today reported the case, Liao v. Up Fintech Holdings Limited et al, filed on October 26, 2026 in the U.S. District Court District of New Jersey (Case No. 2:26-cv-13939). Lead plaintiff motions in the UP Fintech Holding Limited case are due by December 28, 2026.

If you lost money on UP Fintech Holding Limited investments, contact The Law Offices of Frank R. Cruz to learn more about the UP Fintech Holding Limited class action and your potential claims under the federal securities laws before the December 28, 2026 lead plaintiff deadline.

UP Fintech Holding Limited lawsuit key dates

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.

What is the UP Fintech Holding Limited class action about?

The UP Fintech Holding Limited securities 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.

Investors who purchased or otherwise acquired UP Fintech Holding Limited securities during the class period may ask the Court, no later than December 28, 2026, to appoint them lead plaintiff in this putative class action.

"According to the complaint filed against UP Fintech Holding Limited, the Company, among other things, failed to disclose that UP Fintech materially understated its legal and regulatory risk, considering its continued illegal activity in China. Now that the case has been filed, the December 28, 2026 deadline is the date investors who bought during the class period should know," said Frank R. Cruz of The Law Offices of Frank R. Cruz.

What should UP Fintech Holding Limited investors do now?

The Law Offices of Frank R. Cruz can help UP Fintech Holding Limited investors evaluate potential claims to recover their losses. To learn more, visit the UP Fintech Holding Limited case page, email info@frankcruzlaw.com, or call 310-914-5007.

If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.

UP Fintech Holding Limited investors need not take any action at this time to be class members. Investors may retain counsel of their choice or take no action and remain absent class members. No class has been certified yet in the UP Fintech Holding Limited case.

Questions and answers about the UP Fintech Holding Limited class action

Who is eligible? Investors who bought UP Fintech Holding Limited securities between April 22, 2024 and June 2, 2026 and lost money may be class members in the UP Fintech Holding Limited securities lawsuit.

What does a lead plaintiff do? The lead plaintiff is appointed by the court to represent all class members and direct the UP Fintech Holding Limited class action, and lead plaintiff motions are due by December 28, 2026.

Must I act now to be part of 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.

How are attorneys' fees handled? The Law Offices of Frank R. Cruz works on contingency, so investors pay no attorneys' fees unless there is a recovery, and any fees require court approval.

About The Law Offices of Frank R. Cruz

The Law Offices of Frank R. Cruz investigates and prosecutes securities fraud and corporate malfeasance class actions. With nearly 20 years of litigation experience, the firm focuses on complex securities class actions and gives each client personal, one-on-one attention throughout the legal process.

Prior results do not guarantee a similar outcome.