SFC asks Futu Hong Kong to freeze assets of HK$125m linked to suspected IPO fraud

The broker's frozen client accounts are held by an entity suspected to be involved in a fraudulent scheme to create a false or artificial appearance of demand for shares in an IPO, the SFC said.

Lynk Lynk
Jul 31, 2026 - 09:15
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SFC asks Futu Hong Kong to freeze assets of HK$125m linked to suspected IPO fraud

July 31, 2026

The Securities and Futures Commission (SFC) issued a restriction notice on July 30 to Futu Securities International (Hong Kong) prohibiting the broker from dealing with or processing assets of up to HK$125.25 million ($16 million) in client accounts "held by an entity suspected to be involved in a fraudulent scheme to create a false or artificial appearance of demand for shares in an initial public offering (IPO)."

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