Which specific brokers have been penalised for facilitating illegal trading?

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Futu, Tiger and Longbridge have been penalised for facilitating illegal cross-border trading by mainland Chinese investors.

Beijing imposed fines on major brokers Futu, Tiger and Longbridge in May after regulators classified some cross-border stock trading by online brokers as “illegal”. The penalties totalled more than US$330 million, and authorities also ordered the firms to phase out their cross-border businesses in China within two years.
May fines targeted Futu, Tiger and Longbridge
The crackdown included penalties imposed in May on the brokers Futu, Tiger and Longbridge. Regulators said they aided mainland Chinese investors to trade overseas despite lacking the required licences, and the fines exceeded US$330 million.
Authorities ordered cross-border operations to be phased out
Alongside the financial penalties, authorities instructed the firms to phase out cross-border businesses in China within two years. The order was accompanied by a pledge to “completely eradicate” such illegal operations.
The brokers’ scale of Hong Kong and overseas assets was cited
The three brokers reported that about US$32 billion in Hong Kong and overseas assets held by Chinese investors are traded through them. This was presented in the context of regulators seeking to curb cross-border stock trading activity that they had labelled illegal.

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Which specific brokers have been penalised for facilitating illegal trading?

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