UP Fintech Holding Ltd., also known as Tiger Brokers, defeated investor allegations the online brokerage misrepresented its risks of governmental regulatory action for noncompliance with anti-money laundering and licensing requirements.
UPF in fact did disclose actions and findings by New Zealand regulators, Judge Jessica G. L. Clarke said, dismissing the proposed class action with finality Thursday. The investor leading the case misread “future-oriented statements"— in context, they refer to compliance with a remedial program rather than New Zealand’s anti-money laundering statute itself, the US District Court for the Southern District of New York judge said.
- The investor also failed ...
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