Futu not under investigation as Hong Kong SFC freezes HK$125M client assets

cryptonews

Jul 30

The Hong Kong Securities and Futures Commission has issued a restriction notice freezing assets worth up to HK$125.247 million in a client account at Futu Securities International Limited as part of ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.etasphere.com/news/2655871303"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2655871303\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2655871303?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-07-30 19:25","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2655871303","market":"other","top_or_hot":-1,"title":"Futu not under investigation as Hong Kong SFC freezes HK$125M client assets","media":"cryptonews","content":"<div>\n<p>The Hong Kong Securities and Futures Commission has issued a restriction notice freezing assets worth up to HK$125.247 million in a client account at Futu Securities International Limited as part of ...</p>\n\n<a href=\"https://crypto.news/futu-not-under-investigation-as-hong-kong-sfc-freezes-hk125m-client-assets/\">Source Link</a>\n\n</div>\n","source":"crypto_news_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Futu not under investigation as Hong Kong SFC freezes HK$125M client assets</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFutu not under investigation as Hong Kong SFC freezes HK$125M client assets\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-07-30 19:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/futu-not-under-investigation-as-hong-kong-sfc-freezes-hk125m-client-assets/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Hong Kong Securities and Futures Commission has issued a restriction notice freezing assets worth up to HK$125.247 million in a client account at Futu Securities International Limited as part of ...</p>\n\n<a href=\"https://crypto.news/futu-not-under-investigation-as-hong-kong-sfc-freezes-hk125m-client-assets/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LFGY","symbol_name":"YieldMax Crypto Industry and Tech Portfolio Option Income ETF","start_time":0,"source_url":"https://crypto.news/futu-not-under-investigation-as-hong-kong-sfc-freezes-hk125m-client-assets/","article_id":"2655871303","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/futu-not-under-investigation-as-hong-kong-sfc-freezes-hk125m-client-assets/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2655871303","pubTimestamp":1785410735,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"The Hong Kong Securities and Futures Commission has issued a restriction notice freezing assets worth up to HK$125.247 million in a client account at Futu Securities International Limited as part of an ongoing investigation into suspected IPO share manipulation.Hong Kong’s SFC has frozen HK$125.2 million linked to a suspected IPO share manipulation scheme.The restriction applies to a client account at Futu, while the brokerage itself is not under investigation.Futu must obtain the SFC’s approval before handling the restricted assets and report any related instructions.The investigation remains ongoing as the regulator seeks to protect investors and the public interest.The regulator said Futu is not the subject of its investigation and stressed that the restriction notice will not affect the brokerage or any of its other clients. The action targets a specific customer account and prevents the assets from being moved while the investigation continues.The latest regulatory action therefor","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"LFGY":"YieldMax Crypto Industry and Tech Portfolio Option Income ETF","IEFN":"iShares Evolved U.S. Financials ETF","GDLC":"Grayscale CoinDesk Crypto 5 ETF","BITQ":"Bitwise Crypto Industry Innovators ETF","STCE":"Schwab Crypto Thematic ETF","SFC.AU":"SCHAFFER CORPORATION LIMITED","BK7051":"机动车零配件与设备"},"translate_title":"香港证监会冻结1.25亿港元客户资产，富途未受到调查","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GDLC":0.6,"STCE":0.6,"BITQ":0.6,"LFGY":0.6,"SFC.AU":1,"IEFN":0.7},"content_text":"The Hong Kong Securities and Futures Commission has issued a restriction notice freezing assets worth up to HK$125.247 million in a client account at Futu Securities International Limited as part of an ongoing investigation into suspected IPO share manipulation.\n\n\nSummary\n\n\n\nHong Kong’s SFC has frozen HK$125.2 million linked to a suspected IPO share manipulation scheme.\nThe restriction applies to a client account at Futu, while the brokerage itself is not under investigation.\nFutu must obtain the SFC’s approval before handling the restricted assets and report any related instructions.\nThe investigation remains ongoing as the regulator seeks to protect investors and the public interest.\n\n\n\nAccording to the Hong Kong Securities and Futures Commission (SFC), the restriction applies to assets held by a certain entity suspected of participating in a fraudulent scheme designed to create a false or misleading appearance of demand for shares in an initial public offering.\nThe regulator said Futu is not the subject of its investigation and stressed that the restriction notice will not affect the brokerage or any of its other clients. The action targets a specific customer account and prevents the assets from being moved while the investigation continues.\nSFC has restricted access to the assets\nUnder the notice, Futu must not dispose of, transfer, process, or otherwise deal with the assets held in the affected customer account without first obtaining written consent from the SFC. The restriction covers assets up to HK$125,247,000.\nThe regulator also instructed the brokerage to immediately notify it if it receives any instructions relating to the restricted assets. In addition, Futu must not assist, encourage, or cause another party to deal with those assets unless the regulator has given prior written approval.\nExplaining the decision, the SFC said issuing the restriction notice is desirable in the interests of investors and the public. The investigation into the suspected scheme remains ongoing.\nAccording to the regulator, the restriction notice was issued under Sections 204 and 205 of Hong Kong’s Securities and Futures Ordinance.\nFutu has not been accused of wrongdoing\nWhile the restriction notice involves an account maintained at Futu Securities International (Hong Kong) Limited, the SFC made it clear that the brokerage itself is not under investigation.\nThe regulator also stated that the order will not affect the firm’s day-to-day business or the accounts of its remaining customers.\nFutu is licensed under Hong Kong’s Securities and Futures Ordinance to conduct multiple regulated activities, including securities dealing, futures contracts dealing, leveraged foreign exchange trading, advising on securities, advising on futures contracts, providing automated trading services, and asset management.\nThe latest regulatory action therefore relates only to the suspected conduct of a single client entity rather than the firm’s licensed operations.\nAlthough the regulator disclosed the value of the restricted assets and the suspected nature of the scheme, it did not identify the customer entity involved or provide further details about the alleged conduct.\nNo enforcement action has been announced against Futu, and the SFC has not indicated when its investigation may conclude.\nFor now, the restriction notice remains in effect, preventing the affected assets from being handled without regulatory approval while investigators continue examining the suspected attempt to create artificial demand for IPO shares.\nFutu has expanded its crypto services in Hong Kong\nThe restriction notice comes after Futu expanded its digital asset business under Hong Kong’s regulated virtual asset framework.\nIn June 2026, the brokerage received approval from the SFC to expand its Type 1 licensed activities, allowing eligible clients to use securities-backed financing for virtual asset trading. The approval made Futu the first brokerage in Hong Kong to provide financing for cryptocurrency transactions backed by traditional securities.\nUnder that arrangement, qualified investors became able to use securities held in conventional margin accounts as collateral to obtain financing for crypto trades, removing an earlier limitation that prevented such credit facilities from being used for digital asset transactions.\nThe approval followed another crypto-related rollout completed in May 2025, when Futu launched deposit services for Bitcoin, Ethereum, and Tether. Eligible investors were allowed to deposit those digital assets through the firm’s trading platform and trade them alongside Hong Kong, U.S., and Japanese stocks, exchange-traded funds, options, bonds, and other investment products from a single account.\nAt the time, Futu said the service allowed users to move more easily between virtual assets and traditional financial products through the same trading interface. The brokerage had already introduced cryptocurrency trading in 2024 after securing regulatory approval to offer virtual asset services to retail and professional investors.\nHong Kong authorities have continued expanding the city’s regulatory framework for digital assets through new licensing proposals covering virtual asset advisory and portfolio management services, alongside the existing oversight of trading platforms, custody providers, and stablecoin issuers.\n\n\n\n\n\n                Read more:\n            \nPerceptron raises $6.5m to accelerate decentralized AI data infrastructure","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}