[Futu Holdings Faces Class Action Lawsuit in the U.S.] According to Caixin, following the lawsuits filed by market makers GTS Securities and Citadel Securities against insider traders of options from Futu Holdings and Tiger Brokers, Futu Holdings is now facing a class action lawsuit from shareholders in the U.S. Recently, an investor filed a securities class action lawsuit in the U.S. District Court for the Southern District of New York, accusing Futu Holdings, its founder, Chairman, and CEO Li Hua, as well as CFO Chen Yu, of violating provisions of the U.S. Securities Exchange Act of 1934 related to securities fraud and controlling person liability. It is reported that Li Hua has a background in Tencent, being the 18th founding employee of the company. He was an early participant in the development of Tencent QQ, the founder of Tencent Video, and also served as the head of Tencent's multimedia business and innovation center.