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UP Fintech Holding Limited (TIGR US)

Year: 2019

Up Fintech listed on the NASDAQ in March 2019. In October, the company was attacked by GeoInvesting which alleged that Up Fintech had created an elaborate scheme to enable Chinese citizens to trade in foreign securities, bypassing regulation in China. The platform could be closed down at any time. Although an investor has since filed a class action lawsuit against the company, the short-seller's report failed to prompt any major resignations. The company successfully produced FY19 financial statements in April 2020, signed off by Deloitte. As such, the allegations remain unproven.

Last updated September 2021

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