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$Futu Holdings Ltd (FUTU.US)$I’m just wondering what happens...
$Futu Holdings Ltd (FUTU.US)$I’m just wondering what happens to our stock if futu crash
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KaiserBreath : I asked support and they give standard SOP answers like its regulated by MAS and what not. Never really address the issue.
Newbie123456 OP KaiserBreath : Yup it doesn’t answer anything. Though I pray the best for Futu.
Casual Trader : Why you all so scared lol. I sense your fears my greed comes in alr.
KaiserBreath KaiserBreath : You can try to help ask again lol
ZEYA KYAW : I also want to ask this question
KongWeePeh KaiserBreath : That is the best legal response. Don’t need to take nonsense from all media.
102952476 : Stocks are owned by the the stock exchange house, not FUTU. Just make sure don’t put a lot of cash inside the account.
haroit27 : MAS mandates all brokers to store client shares in an independent trustees (HSBC, SGX, TMF etc.) under Securities and Futures Act. If moomoo goes bust, your share is still with you.
In this context, this is why MAS regulated broker is important.
Moomoo Lily : Dear, as a global enterprise, Futu has established separately licensed broker-dealers in the United States and Singapore when it conducts business in the respective countries and regions. These broker-dealers are all under strict supervision by relevant local regulatory authorities.
In the United States, moomoo's securities services are offered by Futu Inc. Futu Inc. is regulated by the United States Securities and Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority (FINRA).
In Singapore, moomoo's securities services are provided by Futu Singapore Pte. Ltd. Futu Singapore Pte. Ltd. is strictly regulated by the Monetary Authority of Singapore (MAS).
Futu's finance and business have not been affected in any way. The company's finance is steady and our business operates as usual. Futu remains committed to providing premium services to our clients and strictly complying with all applicable laws and regulations.