China — China Securities Regulatory Commission & Nubank

China — China Securities Regulatory Commission: The China — China Securities Regulatory Commission is the regulatory body whose requirements Nubank allegedly failed to comply with, forming the basis of the class action lawsuit. Its regulations are central to the legal claims.

Nubank: Nubank is the defendant in a class action lawsuit for allegedly making false and misleading statements regarding its compliance with Chinese regulatory requirements, leading to overstated financial results and potential penalties. Its stock price has declined significantly due to these allegations.

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.

Nubank: Nubank is also under investigation by Pomerantz LLP due to the resignation of its independent director and Audit Committee Chairman, which led to a drop in its ADS price.

China — China Securities Regulatory Commission: The CSRC is the regulator that announced and enforced the penalties against the brokers. It is acting to enforce securities laws and curb illegal cross-border flows.

Nubank: Nubank was previously penalized by China in a similar crackdown, which is not directly related to the current event but provides context for China's regulatory actions.