Tiger Brokers parent fined $105m for ‘illegal activities’
China’s financial regulator penalises online broker after investigation.
Tiger Brokers targets Chinese speaking customers in China, Hong Kong and elsewhere.
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The parent company of online sharebroker Tiger Brokers NZ, UP Fintech, has been fined ¥411 million ($105m) by China’s financial regulator for “unlicensed cross-border securities business and illegal activities”.
The penalty was disclosed in Nasdaq-listed UP Fintech’s filings to the US
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