20 minutes ago
Tiger Brokers was established in New Zealand more than 10 years ago.
New Zealand's largest online brokerage firm, Tiger Brokers, has been fined more than $100 million (US$60m) by the China Securities Regulatory Commission (CSRC), as part of a broader crackdown on illegal cross-border securities activities.
Tiger's recent first-quarter report for the 2026 year indicated it had made provision to pay the fine, which was the largest-ever levied against a New Zealand business, resulting in an underlying first quarter loss of US$26.9m.
Hong Kong-based brokerage firms Longbridge Financial and Futu Securities International, trading as Moomoo in New Zealand, were also fined, along with Tiger Brokers, which was established in New Zealand more than 10 years ago.
