What Should UP Fintech Holding Limited Investors Know After 25.34% Stock Drop? The Law Offices of Frank R. Cruz Outlines Securities Fraud Class Action Lead Plaintiff Deadline

Lawsuit alleges UP Fintech Holding Limited made misleading statements to investors from April 22, 2024 to June 2, 2026; lead plaintiff motions are due December 28, 2026

LOS ANGELES, Nov. 4, 2026 /PRNewswire/ -- The Law Offices of Frank R. Cruz today announced a class action lawsuit against UP Fintech Holding Limited ("UP Fintech" or the "Company") (NASDAQ: TIGR) on behalf of investors who acquired the Company's securities from April 22, 2024 to June 2, 2026. Filed on October 26, 2026, the case is Liao v. Up Fintech Holdings Limited et al, U.S. District Court District of New Jersey, Case No. 2:26-cv-13939.

If you lost money on UP Fintech Holding Limited securities, submit your UP Fintech Holding Limited loss information by December 28, 2026 to learn about participating in the lawsuit.

UP Fintech Holding Limited class action timeline

• Class period begins: April 22, 2024
• Class period ends: June 2, 2026
• Complaint filed: October 26, 2026
• Lead plaintiff motion deadline: 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.

What is the UP Fintech Holding Limited lawsuit about?

The UP Fintech Holding Limited securities lawsuit alleges that, between April 22, 2024 and June 2, 2026, 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 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.

"According to the complaint filed against UP Fintech Holding Limited, the Company, among other things, did not disclose that UP Fintech materially understated its legal and regulatory risk, considering its continued illegal activity in China. The December 28, 2026 deadline is a key date for UP Fintech Holding Limited investors who want a voice in how this case moves forward," 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.

Investors who want to serve as lead plaintiff in the UP Fintech Holding Limited class action must file a motion with the Court by December 28, 2026. For more information, visit the UP Fintech Holding Limited case page, email [email protected], or call 310-914-5007.

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

Investors may retain counsel of their choice. UP Fintech Holding Limited investors who bought during the class period may also 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 lawsuit

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, and may seek lead plaintiff appointment by December 28, 2026.

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.

Must I be lead plaintiff to share in a recovery? No, UP Fintech Holding Limited investors can take no action and remain absent class members.

How are attorneys' fees handled? The Law Offices of Frank R. Cruz works on contingency, so UP Fintech Holding Limited investors pay no attorneys' fees up front. Any attorneys' fees and litigation expenses come only from a recovery, if there is one, and 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.

Related links

• UP Fintech Holding Limited case page, The Law Offices of Frank R. Cruz
• 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 Frank R. Cruz

Follow The Law Offices of Frank R. Cruz for updates on Twitter: twitter.com/FRC_LAW

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

SOURCE The Law Offices of Frank R. Cruz, Los Angeles