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What's Next for UP Fintech Holding Limited Shareholders After 25.34% Stock Drop? Glancy Prongay Wolke & Rotter LLP Explains Securities Fraud Class Action Lead Plaintiff Deadline

Glancy Prongay Wolke & Rotter LLPNov 6, 2026, 2:10 PM ETNASDAQ:TIGR

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Complaint alleges UP Fintech Holding Limited misled investors between April 22, 2024 and June 2, 2026; investors may seek lead plaintiff role by December 28, 2026

LOS ANGELES, Nov. 6, 2026 /PRNewswire/ -- Glancy Prongay Wolke & Rotter LLP ("Glancy") announced today that the class action lawsuit covers investors who bought UP Fintech Holding Limited ("UP Fintech" or the "Company") (NASDAQ: TIGR) securities between April 22, 2024 and June 2, 2026. 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).

Investors who suffered losses on UP Fintech Holding Limited investments can submit their UP Fintech Holding Limited loss information here before the December 28, 2026 lead plaintiff deadline.

Key dates in the UP Fintech Holding Limited case

Class period: April 22, 2024 to June 2, 2026
Complaint filed: October 26, 2026
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 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.

"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. For investors who purchased during the class period, the December 28, 2026 lead plaintiff deadline is the first significant deadline to keep in mind," 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.

If you wish to serve as lead plaintiff in the UP Fintech Holding Limited class action, you must move the Court no later than December 28, 2026. To learn more about your rights, visit the UP Fintech Holding Limited case page, email shareholders@glancylaw.com, or call 310-201-9150 (toll-free: 888-773-9224).

You may retain counsel of your choice. If you bought UP Fintech Holding Limited securities during the class period, you may 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 shareholder lawsuit. Any class member may ask the court to appoint them lead plaintiff by December 28, 2026.

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 have to be lead plaintiff to recover? No. A UP Fintech Holding Limited investor's ability to share in any future recovery does not depend on serving as lead plaintiff. UP Fintech Holding Limited investors may take no action and remain absent class members.

What is the deadline? Motions to serve as lead plaintiff in the UP Fintech Holding Limited class action must be filed by December 28, 2026.

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.

Can I choose my own lawyer? Yes. UP Fintech Holding Limited investors may retain counsel of their choice.

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 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.

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Contact

Charles H. Linehan

Glancy Prongay Wolke & Rotter LLP

1925 Century Park East, Suite 2100

Los Angeles, CA 90067

Email: shareholders@glancylaw.com

Telephone: 310-201-9150 | Toll-free: 888-773-9224

www.glancylaw.com

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