China — China Securities Regulatory Commission & Li Hua

China — China Securities Regulatory Commission: The CSRC initiated the crackdown and issued the Notification Letter to Futu, proposing penalties. It is the key regulator enforcing compliance in cross-border securities activities.

Li Hua: Li Hua is the founder and CEO of Futu, who faces a proposed personal fine from the CSRC. He is named as a defendant in the class action, and his reputation and finances are negatively affected.

China — China Securities Regulatory Commission: Regulator that imposed penalties on Futu and initiated crackdown on cross-border securities activities.

Li Hua: CEO of Futu, personally fined by CSRC and named in class actions.

China — China Securities Regulatory Commission: The China — China Securities Regulatory Commission and its Shenzhen bureau issued a Notice of Investigation and Administrative Penalty Pre-Notification Letter to Nubank, initiating the legal issues for the company.

Li Hua: Li Hua, the founder and CEO of Nubank, faces a proposed personal fine from the China — China Securities Regulatory Commission in connection with the company's alleged illegal operations.