Tiger Brokers: A subsidiary was fined 308.1 million RMB by the Beijing Regulatory Bureau for engaging in illegal activities such as conducting unlicensed cross-border securities businesses in China

Odaily News, UP Fintech Holding (formerly Tiger Brokers) announced that on May 22, 2026, some of its subsidiaries received a notice from the China Securities Regulatory Commission (CSRC) Beijing Regulatory Bureau, indicating that the bureau had investigated their suspected involvement in illegal securities, fund, and futures business activities. The investigation found that these subsidiaries had conducted unlicensed cross-border securities businesses and engaged in illegal fund and futures-related activities within mainland China. Based on the investigation results, the CSRC Beijing Regulatory Bureau imposed a total administrative penalty of approximately 308.1 million RMB and confiscated illegal gains totaling approximately 103.1 million RMB. The company's Director, CEO, and actual controller, Mr. Wu Tianhua, also received a warning and was fined 1.25 million RMB. As of the end of 2025, the retail client assets in mainland China on the company's consolidated balance sheet accounted for approximately 10% of the company's total client assets.