$UP Fintech (TIGR.US)$$Futu Holdings Ltd (FUTU.US)$ Now let...
Now let's just talk about illegal fund-raising; when penalties are announced, it should drop a wave. As for when, I still have to keep a close eye on the news. Last time, I lost nearly 30% of my money, and then got cut and run away. Although Futu and Tiger's business covers many countries, things are still fermenting and will not do more until it is over. I've been optimistic for a long time, but it's easy for the government to break down a company. It's a good idea to avoid high-risk stocks first.
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Invest SA2 : They close them down? But a bit funny is their account holders are in Singapore, Hong Kong, US and China. I think someone in the govt wanna buy at cheap price so ……
行走的煤OP Invest SA2: This only happen in China, it won't affect overseas user if they obtain license in respective country. In Singapore, their operations is authorized by Monetory Authority of Singapore which mean they are legal in Singapore only. If futu n tiger really illegally operate in China, they might get fine / force to shut down their business in China only / China government come out new rule to control them, we won't know the consequences as it still in progress...