The lawsuit alleges that UP Fintech‘s subsidiaries kept operating outside PRC licensing rules that its own filings described, until the CSRC Beijing Bureau imposed RMB 411.2 million in penalties and confiscations for unlicensed securities, fund, and futures activity.

NEW YORK, Nov. 12, 2026 /PRNewswire/ — SueWallSt advises purchasers of UP Fintech Holding Limited (NASDAQ: TIGR) American Depositary Shares that a securities class action is pending in the United States District Court for the District of New Jersey on behalf of those who acquired the Company’s securities between April 22, 2024 and June 2, 2026. Submit your information now or contact Joseph E. Levi, Esq. at jlevi@SueWallSt.com or (888) SueWallSt.

The CSRC Beijing Bureau imposed approximately RMB 308.1 million in administrative penalties on UP Fintech subsidiaries and confiscated approximately RMB 103.1 million in illegal income, roughly $59.7 million combined. The Company then reported a first quarter 2026 net loss of $26.9 million, compared with $30.4 million in net income a year earlier, while TIGR ADSs slid from a $5.84 close before the May 22, 2026 announcement to $4.67 on June 3, 2026. IMPORTANT DATE: December 28, 2026 is the deadline to ask the Court for appointment as lead plaintiff.

The PRC Licensing Rules UP Fintech Described in Its Own Filings

UP Fintech‘s Form 20-F annual reports told investors that securities brokerage, futures brokerage, stock option brokerage, and investment consulting in the PRC require a CSRC license or other approval. The filings cited “the imposition of more severe punishments for violations” under the amended PRC Securities Law. They also described CSRC measures, effective February 28, 2023, that penalize overseas firms that open accounts or market overseas trading services to domestic investors without authorization.

The reports warned that noncompliance “may result in penalties, including rectification requirements, confiscation of illegal proceeds, fines or even shutting down of business.” The lawsuit contends these passages framed sanctions as a possibility while the subsidiaries were allegedly still engaged in the prohibited conduct.

Regulatory Compliance Findings Behind the RMB 411.2 Million Sanction

The Company’s May 22, 2026 Form 6-K disclosed the following:

• The Bureau found that certain subsidiaries conducted unlicensed cross-border securities business in mainland China.
• The Bureau also found illegal activities relating to fund and futures business, which reach beyond securities brokerage accounts.
• The sanctions comprised approximately RMB 308.1 million in administrative penalties and approximately RMB 103.1 million in confiscated illegal income.
• The Company’s chief executive, described as its controlling person, received a warning and a personal penalty of RMB 1.25 million.
• Reuters separately reported that the CSRC acted alongside seven other government agencies, including the central bank, against overseas firms operating without approval.

Exchange Act Claims Built on Compliance Disclosures

The action asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5. Plaintiffs allege the Class Period compliance disclosures understated UP Fintech‘s legal and regulatory risk. As a result, the complaint contends, TIGR purchasers paid prices that did not reflect that exposure.

“UP Fintech‘s own annual reports warned that unlicensed activity in China could bring fines and confiscation of illegal proceeds, and in May 2026 regulators imposed both. The lawsuit alleges those disclosures understated how real the risk was, given conduct allegedly continuing at its subsidiaries. Shareholders deserve to know whether the compliance picture they received matched reality.” — Joseph E. Levi, Esq.

Find out if you might qualify to recover losses or call (888) SueWallSt.

WHY SUEWALLST: SueWallSt is powered by Levi & Korsinsky LLP. Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services’ Top 50 Report as one of the top securities litigation firms in the United States.

Frequently Asked Questions About the TIGR Lawsuit

Q: What is the TIGR class action lawsuit about? A: A securities class action has been filed against UP Fintech Holding Limited (NASDAQ: TIGR) alleging materially false and misleading statements between April 22, 2024 and June 2, 2026. Shares fell sharply after the Company disclosed that the CSRC Beijing Bureau found its subsidiaries had conducted unlicensed cross-border securities business in mainland China and imposed penalties and confiscations of approximately RMB 411 million. Investors who purchased shares during the Class Period and suffered losses may be eligible to seek compensation.

Q: Who is eligible to join the TIGR investor lawsuit? A: Investors who purchased TIGR stock or securities between April 22, 2024 and June 2, 2026 and suffered financial losses may be eligible. Eligibility is based on purchase date and documented losses — not on whether you still hold the shares.

Q: What court was the TIGR class action filed in? A: The case was filed in the United States District Court for the District of New Jersey, governed by the Private Securities Litigation Reform Act of 1995.

Q: What do TIGR investors need to do right now? A: Investors may gather brokerage records showing purchase dates, share quantities, and prices paid. Submit your information for a no-cost, no-obligation evaluation of your potential recovery. No immediate action is required to remain eligible as an absent class member.

Q: What happens after I submit my information? A: Your trading history will be reviewed at no cost for an initial assessment of your potential eligibility.

Q: What if I live outside the United States? A: U.S. securities class actions generally cover purchases on U.S. exchanges regardless of the investor’s country of residence.

Q: What if I already sold my TIGR shares — can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought during the Class Period and sold at a loss may still be eligible to participate.

Q: What does it cost me to participate? A: There is no upfront cost to submit your information and review whether you may be eligible to recover. Should you choose to participate in the securities class action, they are generally handled on a contingency basis, with any attorneys’ fees and expenses subject to court approval.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
jlevi@SueWallSt.com
Tel: (888) SueWallSt
Fax: (212) 363-7171

Attorney Advertising. Prior results do not guarantee similar outcomes.

View original content to download multimedia:https://www.prnewswire.com/news-releases/tigr-deadline-alert-suewallst-reminds-up-fintech-holding-limited-tigr-investors-of-securities-class-action-deadline-on-december-28-2026-302937452.html

SOURCE SueWallSt.com