Futu Holdings stock is under pressure Friday after a penalty notice from China's securities regulator over alleged cross‑border violations.

Futu Holdings stock is under pressure Friday after a penalty notice from China's securities regulator over alleged cross‑border violations.

Rosen Law Firm Encourages Futu Holdings Limited Investors to Inquire About Securities Class Action Investigation – FUTU

Put options on Futu and Tiger Brokers surged to unusual levels before CSRC announced penalties, sending shares down 39% and 47% respectively.