CLARIFICATION - Futu Further Elaborates on its FINRA Membership
Futu Holdings Limited (FHL)
Company Research
Source: GlobeNewswire
HONG KONG, June 06, 2019 (GLOBE NEWSWIRE) -- Please disregard the release "Futu Obtains Clearing License in the U.S." posted on June 3, 2019 by Futu Holdings Limited. Please refer to this release instead. Futu Holdings Limited ("Futu" or the "Company") (NASDAQ:FHL), a leading tech-driven online brokerage platform in China, recently announced that its wholly-owned subsidiary in the U.S., Futu Clearing Inc., has been officially granted Financial Industry Regulatory Authority ("FINRA") membership as a U.S. broker-dealer with the capacity to provide clearing services. Futu Clearing Inc’s membership required a comprehensive evaluation of their regulatory compliance, financial strength and a number of other performances to ensure that they meet the required standards. Only a small number of applicants in the U.S. are able to offer clearing services. With FINRA’s membership and Futu's proprietary systems working with our licensed version of InteliClear’s Post Trade Solutions the company
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