Tiger Brokers (TIGR.O) said the CSRC Beijing bureau on May 22 imposed administrative penalties and ordered confiscation of illegal gains totaling RMB 411 mln (about $59.7 mln) on certain Chinese subsidiaries for conducting unlicensed cross-border securities business and violations in fund and futures activities. The company accepted the penalty and has recognized it as a post‑Q1 material item. Tiger Brokers said the one-off charge, given its overall profitability and cash flow, will not have a m

Tiger Brokers (TIGR.O) said the CSRC Beijing bureau on May 22 imposed administrative penalties and ordered confiscation of illegal gains totaling RMB 411 mln (about $59.7 mln) on certain Chinese subsidiaries for conducting unlicensed cross-border securities business and violations in fund and futures activities. The company accepted the penalty and has recognized it as a post‑Q1 material item. Tiger Brokers said the one-off charge, given its overall profitability and cash flow, will not have a material adverse impact on operating activities or long-term development.