UP Fintech Holding Limited Reports Approval for New FINRA Licenses in the U.S.
November 04 2019 - 6:59AM
UP Fintech Holding Limited (“
UP Fintech” or the
“
Company”) (NASDAQ: TIGR), a leading online
brokerage firm focusing on global Chinese investors, announced
today that its wholly-owned subsidiary, US Tiger Securities, Inc.
(“
USTS”), received approval for conducting new
businesses, including underwriting, private placements, mergers and
acquisitions, mutual fund retailing, as well as selling group
participant services from the Financial Industry Regulatory
Authority (“
FINRA”) on October 16, 2019.
The licenses will help the Company expand its global
capabilities to keep up with increasing demand for capital markets
services, such as those from Chinese ADR issuers, and will allow
USTS to commence providing underwriter or selling group participant
services, (corporate securities other than mutual funds), private
placements of securities, M&A advisory services, including
fairness opinions, and mutual fund retailer services in the
U.S.
Tianhua Wu, the Company’s Chief Executive
Officer and Director, commented, “We are delighted to obtain these
FINRA licenses that speak to our forthcoming capabilities to
provide a comprehensive range of financial services in the U.S. We
look forward to employing these licenses to strengthen our future
service offerings for corporate issuers, institutional and
individual clients alike.”
About UP Fintech Holding Limited
UP Fintech Holding Limited is a leading
online brokerage firm focusing on global Chinese investors. The
Company’s proprietary mobile and online trading platform enables
investors to trade in equities and other financial instruments on
multiple exchanges around the world. The Company offers innovative
products and services as well as a superior user experience to
customers through its “mobile first” strategy, which enables it to
better serve and retain current customers as well as attract new
ones. The Company offers customers comprehensive brokerage and
value-added services, including trade order placement and
execution, margin financing, IPO subscription, ESOP management,
investor education, community discussion and customer support. The
Company’s proprietary infrastructure and advanced technology are
able to support trades across multiple currencies, multiple
markets, multiple products, multiple execution venues and multiple
clearinghouses.
For more information on the Company, please
visit: https://ir.itiger.com.
Safe Harbor Statement
This announcement contains forward−looking
statements. These statements are made under the “safe harbor”
provisions of the U.S. Private Securities Litigation Reform Act of
1995. These forward−looking statements can be identified by
terminology such as “will,” “expects,” “anticipates,” “future,”
“intends,” “plans,” “believes,” “estimates” and similar statements.
Among other statements, the business outlook and quotations from
management in this announcement, as well as the Company’s strategic
and operational plans, contain forward−looking statements. The
Company may also make written or oral forward−looking statements in
its periodic reports to the U.S. Securities and Exchange Commission
(“SEC”) on Forms 20−F and 6−K, in its annual report to
shareholders, in press releases and other written materials and in
oral statements made by its officers, directors or employees to
third parties. Statements that are not historical facts, including
statements about the Company’s beliefs and expectations, are
forward−looking statements. Forward−looking statements involve
inherent risks and uncertainties. A number of factors could cause
actual results to differ materially from those contained in any
forward−looking statement, including but not limited to the
following: the Company’s growth strategies; trends and competition
in global financial market; and governmental policies relating to
the Company’s industry and general economic conditions in the U.S.,
China and other countries. Further information regarding these and
other risks is included in the Company’s filings with the SEC. All
information provided in this press release and in the attachments
is as of the date of this press release, and the Company undertakes
no obligation to update any forward-looking statement, except as
required under applicable law. Further information regarding these
and other risks is included in the Company’s filings with the SEC.
All information provided in this press release and in the
attachments is as of the date of this press release, and the
Company does not undertake any obligation to update any
forward−looking statement, except as required under applicable
law.
For investor and media inquiries please contact:
Investor Relations ContactUP
Fintech Holding LimitedEmail: ir@itiger.com Tel: +1 (646)
308-1535
Jack WangICR,
Inc.Email: tiger.ir@icrinc.com Tel: +1 (646) 308-1535
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