Futu and Longbridge Eliminate Accounts Opened With False Documentation, Empty Accounts on May 28

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According to The First Financial on May 28, Futu and Longbridge have launched cleanup operations targeting accounts opened with false documentation and empty accounts with no assets or positions. Both platforms are processing account closures for these two account types. Futu's app has added a new "Update Identity Information" shortcut in the "Account" section, with accompanying guidance stating that customers holding qualified foreign identity documents will experience no impact on trading, fund transfers, or other services upon completion of the update.
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GateUser-51f8cadfvip
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