Tiger Brokers parts its ways with two directors
UP Fintech Holding Limited (NASDAQ:TIGR), a leading online brokerage firm focusing on global investors, also known as Tiger Brokers, today announced two director resignations.
Ms. Xian Wang has tendered her resignation as a director of the company, effective on March 18, 2022, due to the expiration of the service agreement between her and the company. Also, Mr. David Friedland has tendered his resignation as a director of the company due to personal reasons, effective on March 18, 2022.
Tiger Brokers says that Ms. Xian Wang and Mr. David Friedland’s resignations did not result from any disagreement with the company.
The broker has recently posted its financial results for the year to end-December 2021. Total revenue was US$62.2 million for the fourth quarter and US$264.5 million for the whole year, an increase of 31.7% and 91.0% year over year.
In the fourth quarter the company added 61,400 funded accounts, and for the year 2021, 414,700 funded accounts, exceeding its yearly target of 350,000. The total number of funded accounts at the end of 2021 reached 673,400.