Group 1 - The Hong Kong Securities and Futures Commission (SFC) issued restriction notices to Futu Securities International and Dongwu Securities International to freeze accounts related to alleged misconduct by a board member of a listed company [1] - The restriction prohibits the two brokerage firms from disposing of or handling assets in the accounts without prior written consent from the SFC, ensuring that funds are available for any potential court orders [1] - Futu Securities confirmed the information but stated that further internal verification is needed [1] Group 2 - The China Securities Regulatory Commission (CSRC) announced on December 30, 2022, that Futu Holdings and UP Fintech Holding (Tiger Brokers) were conducting illegal cross-border securities business without approval [2] - The CSRC's regulatory stance was made clear in October 2021, indicating that such activities do not comply with the Securities Law and related regulations [2] - The CSRC mandated that Futu and Tiger Brokers rectify their illegal activities by ceasing to solicit domestic investors and managing existing accounts without accepting new funds that violate foreign exchange regulations [2] Group 3 - Futu Securities has halted the opening of accounts for mainland users based on proof of residence, allowing only those who can provide valid identification and recent proof of work or residence in Hong Kong or Macau [3] - The requirements for account opening have been tightened, now necessitating overseas identification documents for mainland clients [3]