Tiger Brokers Response to Regulatory Guidance: Existing Trading Unaffected, No Plans to Force Out Current Users

May 25 Update: Tiger Brokers (operating under the name Upland Securities per prior filings) released a customer statement addressing recent market-focused regulatory guidance, confirming that the relevant rules have not yet been fully implemented. The firm added that domestic clients’ deposits, positions, and trading activities remain unaffected, and the platform will not force out existing users. In its statement, Tiger clarified that the regulatory guidance specifically targets individual investors holding only a Mainland Chinese ID card or Mainland Chinese passport—individuals with no foreign residency or citizenship status. The impact of the new rules covers the entire domestic brokerage industry, including platforms like Tiger Brokers, Futu, and Chuhai. Clients not subject to the guidance include those holding a Hong Kong permanent or non-permanent resident identity card, work visas, student visas, or other valid overseas identity documents, as well as overseas registered operating institutions. Their related accounts, transactions, and fund transfers are currently operating normally with no disruptions. For affected clients, Tiger noted that the platform may gradually restrict domestic deposits and buy orders in the future, though specific implementation timelines and formal rules are still unclear. Should a concrete plan be released, the company will notify users in advance and provide transition arrangements. On asset security, Tiger emphasized strict segregation between client funds and the company’s operational funds. Assets in U.S. stocks, Hong Kong stocks, and Singapore stocks are each custodied by leading institutions: the Depository Trust & Clearing Corporation (DTCC) for U.S. stocks, Hong Kong Central Clearing and Settlement System (CCASS) for Hong Kong stocks, and Singapore Central Depository (CDP) for Singapore stocks. The firm also stated its overall operations and financial condition remain normal. As previously reported by BlockBeats, on May 22, 2026—following a rebrand from Tiger Brokers to Upland Securities—several of the firm’s subsidiaries received a notice from the Beijing Regulatory Bureau of the China Securities Regulatory Commission (CSRC). The notice stated the bureau was launching an investigation into alleged illegal securities, fund, and futures business activities. The probe found the subsidiaries had operated unlicensed cross-border securities businesses in mainland China, alongside illegal fund and futures-related activities. The Beijing CSRC imposed total administrative penalties of approximately RMB 308.1 million and seized illegal gains totaling roughly RMB 103.1 million.