UP Fintech Holding Ltd

UP Fintech Holding Ltd is an online brokerage firm focusing on Chinese investors. The firm facilitates trading in equities and financial instruments on multiple exchanges, providing users with access to a wide range of financial markets.

CCI Score

-51.63

0.04% April 18

Latest Event

CSRC Cracks Down on Illegal Cross-Border Brokerage by Tiger Brokers

On December 30, the China Securities Regulatory Commission (CSRC) announced severe warnings against UP Fintech Holding Ltd (Tiger Brokers) for engaging in illegal cross-border securities operations without obtaining the necessary regulatory approval from the CSRC. The directive requires the company to halt the solicitation of new mainland Chinese investors and rectify its non-compliant practices.

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QUISLING

UP Fintech Holding Ltd is currently rated as a Quisling.

-44 to -59 CCI Score

These companies are fully aligned with authoritarian regimes. They not only support but also enforce oppressive policies, playing a significant role in the regime’s operational apparatus and contributing directly to its consolidation of power.

Latest Events

DEC

30

2022

CSRC Cracks Down on Illegal Cross-Border Brokerage by Tiger Brokers
-63.54

On December 30, the China Securities Regulatory Commission (CSRC) announced severe warnings against UP Fintech Holding Ltd (Tiger Brokers) for engaging in illegal cross-border securities operations without obtaining the necessary regulatory approval from the CSRC. The directive requires the company to halt the solicitation of new mainland Chinese investors and rectify its non-compliant practices.
-80

Business Practices and Ethical Responsibility

April 3

UP Fintech Holding Ltd's decision to engage in unapproved cross-border securities activities violates regulatory norms and undermines ethical business practices, as outlined by the CSRC. This disregard for legal compliance not only jeopardizes investor protection but also demonstrates a concerning lack of corporate accountability.

Online Brokers Futu and Tiger Plummet as China Prohibits Taking New Mainland Customers
DEC

30

2022

Regulatory Action for Unapproved Cross-Border Operations
-39.71

China's securities regulator ordered UP Fintech Holding Ltd (operating as Tiger Brokers) to rectify its unsanctioned cross-border securities business, which led to investor losses and a significant market impact.
-50

Business Practices and Ethical Responsibility

April 3

UP Fintech Holding Ltd conducted cross-border securities activities without obtaining proper regulatory consent, exposing domestic investors to undue financial risks. The enforcement action by China's securities regulator highlights a serious lapse in ethical business practices, adversely affecting investor protection and market stability.

Chinese cross-border investors suffer losses as Futubull and Tiger Brokers face corrective measures