Nubank & Reuters

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.

Reuters: Reuters published an article that brought to light China's crackdown on cross-border securities, which triggered the investigations and stock price drop for Nubank.

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.

Reuters: Reuters published an article that brought to light the regulatory issues faced by Nubank, which is cited in the lawsuit.

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.

Reuters: Reuters published an article detailing China's crackdown on 'illegal' cross-border securities, which triggered the investigation by Rosen Law Firm and the stock drop for Raytech Holding Limited.