Tiger Brokers fined by China Securities Regulatory Commission for illegal activities

Nona Pelletier

RNZ·

8 Jun, 2026 01:12 AM2 mins to read

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The $100m penalty from the China Securities Regulatory Commission is the biggest against a New Zealand business. Photo / Getty Images

New Zealand’s largest online brokerage firm, Tiger Brokers, has been fined more than $100 million (US$60m) by the China Securities Regulatory Commission (CSRC), as part of a broader crackdown on illegal cross-border securities activities.

Tiger’s recent first-quarter report for the 2026
year indicated it had made provision to pay the fine, the largest-ever levied against a New Zealand business, resulting in an underlying first-quarter loss of US$26.9m.

Hong Kong-based brokerage firms Longbridge Financial and Futu Securities International, trading as Moomoo in New Zealand, were also fined with Tiger Brokers, which was established in New Zealand more than 10 years ago.

Tiger, part of a group of companies owned by Nasdaq-listed Up Fintech, had worked to comply with China’s legislation introduced May 27, and had already suspended investors in China from opening accounts or adding new positions from June 12.