Regulatory Alerts2026-07-30
Added · Updated
SFC issues restriction notice to broker to freeze assets of over $125 million linked to suspected IPO fraud
The Securities and Futures Commission (SFC) issued a restriction notice to Futu Securities International (Hong Kong) Limited, prohibiting it from dealing with or processing assets of up to $125,247,000 in client accounts held by an entity suspected of involvement in an initial public offering fraud. Futu is specifically prohibited from disposing of or dealing with these assets without the SFC’s prior written consent and must immediately notify the SFC of any instructions concerning them. This notice does not affect Futu or its other clients, as Futu is not the subject of the SFC’s ongoing investigation.
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