Securities Fraud Class Action Filed Against UP Fintech Holding Limited: Glancy Prongay Wolke & Rotter LLP Announces Lead Plaintiff Deadline

Complaint alleges UP Fintech Holding Limited made false or misleading statements to investors who bought between April 22, 2024 and June 2, 2026; lead plaintiff motions are due by December 28, 2026

LOS ANGELES--(BUSINESS WIRE)--A securities fraud class action lawsuit has been filed against UP Fintech Holding Limited ("UP Fintech" or the "Company") (NASDAQ: TIGR) on behalf of investors who purchased or otherwise acquired the Company's securities between April 22, 2024 and June 2, 2026, inclusive. Glancy Prongay Wolke & Rotter LLP ("Glancy") today announced the filing. The UP Fintech Holding Limited case, Liao v. Up Fintech Holdings Limited et al, was filed on October 26, 2026 in the U.S. District Court District of New Jersey (Case No. 2:26-cv-13939). UP Fintech Holding Limited investors have until December 28, 2026 to file a lead plaintiff motion.

Investors who suffered losses on UP Fintech Holding Limited investments can inquire about the UP Fintech Holding Limited class action to learn about potentially pursuing claims under the federal securities laws before the December 28, 2026 lead plaintiff deadline.

The UP Fintech Holding Limited case at a glance

• Complaint filed: October 26, 2026
• Court: U.S. District Court District of New Jersey
• Class period: April 22, 2024 to June 2, 2026, inclusive
• Lead plaintiff 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 does the UP Fintech Holding Limited lawsuit allege?

The UP Fintech Holding Limited class action lawsuit 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 move the Court no later than December 28, 2026 to request appointment as lead plaintiff in this putative class action lawsuit.

"The complaint against UP Fintech Holding Limited alleges, among other things, that the Company failed to disclose that UP Fintech materially understated its legal and regulatory risk, considering its continued illegal activity in China. Investors who purchased during the class period may be able to recover their losses in the class action, and any investor interested in serving as lead plaintiff should note the December 28, 2026 deadline," said Charles H. Linehan, Partner at Glancy Prongay Wolke & Rotter LLP.

What's the next step?

Glancy Prongay Wolke & Rotter LLP is a leading national shareholder rights law firm, ready to assist UP Fintech Holding Limited investors in potentially pursuing claims to recover their losses. To learn more about the UP Fintech Holding Limited lawsuit or your rights, visit the UP Fintech Holding Limited case page, email [e-mail], or call 310-201-9150 (toll-free: 888-773-9224).

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

To be a member of the UP Fintech Holding Limited class, you need not take any action at this time. You may retain counsel of your choice or take no action and remain an absent class member. No class has been certified yet in the UP Fintech Holding Limited case.

Frequently Asked Questions

Who is eligible? Investors who purchased or otherwise acquired UP Fintech Holding Limited securities between April 22, 2024 and June 2, 2026 and suffered losses may be members of the proposed class in the UP Fintech Holding Limited securities lawsuit.

Where was the UP Fintech Holding Limited lawsuit filed? The UP Fintech Holding Limited class action, Liao v. Up Fintech Holdings Limited et al, was filed on October 26, 2026 in the U.S. District Court District of New Jersey as Case No. 2:26-cv-13939.

What is a lead plaintiff? In the UP Fintech Holding Limited class action, the lead plaintiff is the investor, or group of investors, that the court appoints to represent all class members and oversee the case. Under the Private Securities Litigation Reform Act, courts generally presume the movant with the largest financial interest is the most adequate lead plaintiff.

Do I need to act to be part of the UP Fintech Holding Limited class? No. UP Fintech Holding Limited investors need not take any action at this time to be class members, and their ability to share in any future recovery does not depend on serving as lead plaintiff.

Does it cost anything to contact Glancy or participate in this action? Glancy represents UP Fintech Holding Limited investors on a contingency fee basis, so investors pay no attorneys' fees out of pocket. Any attorneys' fees and litigation expenses are paid only from a recovery, if one is obtained, and are subject to court approval.

Why work with Glancy on the UP Fintech Holding Limited lawsuit? Glancy Prongay Wolke & Rotter LLP is a premier law firm with decades of experience representing investors and consumers in securities litigation and other complex class action litigation. Contact Glancy about the UP Fintech Holding Limited shareholder lawsuit. Prior results do not guarantee a similar outcome.

About Glancy Prongay Wolke & Rotter LLP

Glancy was named one of Law360's Securities Groups of the Year and ranked second in total investor recoveries by ISS Securities Class Action Services in 2025.

Glancy's successes have been widely covered by leading news and industry publications, including The Wall Street Journal, The Financial Times, Bloomberg Businessweek, Reuters, the Associated Press, Barron's, Investor's Business Daily, Forbes, and Money.

Prior results do not guarantee a similar outcome.

Related links

• UP Fintech Holding Limited case page, Glancy Prongay Wolke & Rotter LLP
• 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
• Glancy Prongay Wolke & Rotter LLP

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