The deadline for UP Fintech Holding Limited ("UP Fintech" or the "Company") (NASDAQ: TIGR) investors to seek appointment as lead plaintiff in a securities class action lawsuit is December 28, 2026. The lawsuit was filed on behalf of investors who purchased or otherwise acquired UP Fintech Holding Limited securities from April 22, 2024 to June 2, 2026, inclusive. The Law Offices of Frank R. Cruz today reminded investors of the deadline in the case, Liao v. Up Fintech Holdings Limited et al, filed on October 26, 2026 in the 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 before the December 28, 2026 deadline to learn about your potential claims under the federal securities laws.
UP Fintech Holding Limited deadline and case dates
- Lead plaintiff motion deadline: December 28, 2026
- Class period: April 22, 2024 to June 2, 2026, inclusive
- Filed: October 26, 2026
- Court: U.S. District Court District of New Jersey
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 class action alleges that, throughout the class period, 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 to investors 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 at all relevant times.
Investors who purchased or otherwise acquired UP Fintech Holding Limited securities during the class period may ask the Court, no later than December 28, 2026, to appoint them lead plaintiff in this putative class action lawsuit.
"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. With the December 28, 2026 deadline drawing near, investors who want a voice in how this case is led should reach out now," 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 must file a motion with the Court by December 28, 2026. For more information, visit the UP Fintech Holding Limited case page, email info@frankcruzlaw.com, or call 310-914-5007.
If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.
UP Fintech Holding Limited investors need not take any action at this time to be class members. Investors may retain counsel of their choice or 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 deadline
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 in the UP Fintech Holding Limited securities lawsuit.
When are lead plaintiff motions due in the UP Fintech Holding Limited case? Lead plaintiff motions in the UP Fintech Holding Limited class action are due in the U.S. District Court District of New Jersey by December 28, 2026.
What happens after the UP Fintech Holding Limited deadline passes? After December 28, 2026, investors generally can no longer seek lead plaintiff appointment, but UP Fintech Holding Limited investors may still remain 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20261102572255/en/
Frank R. Cruz
The Law Offices of Frank R. Cruz
Los Angeles, CA
Email: fcruz@frankcruzlaw.com
Telephone: 310-914-5007
www.frankcruzlaw.com
