The Law Offices of Frank R. Cruz announces an investigation of Future FinTech Group Inc. (“Future FinTech” or the “Company”) (NASDAQ: FTFT) on behalf of investors concerning the Company’s possible violations of federal securities laws.
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On January 11, 2024, after market hours, the Securities and Exchange Commission (“SEC”) announced that it had charged Future Fintech’s CEO, Sanchun Huang with “manipulative trading” and “buying hundreds of thousands of Future Fintech shares to artificially increase the company’s stock price shortly before and after he became CEO.”
On this news, Future Fintech’s stock price fell $0.27, or 20.9%, to close at $1.02 per share on January 12, 2024, thereby injuring investors.
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If you purchased Future FinTech securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 2121 Avenue of the Stars, Suite 800, Century City, California 90067 at 310-914-5007, by email to [email protected], or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
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