report said Chinese regulators are preparing to crack down on the digital brokerage companies. Reuters said the brokerages would likely be notified of a platform ban, blocking mainland China customers from investing in foreign markets in “the coming months.” Regulators are worried about data security risks to mainland customers who have to enter their ID cards, bank cards, and tax records to use the platforms. They’re also concerned about capital outflows. The Nasdaq-listed Chinese brokerages were down considerably in the premarket hours. Futu is down more than 9% and Up Fintech -12%. In October, state-run media People’s Daily said these...