Futu Records 61% Q1 Profit Decline Due to $272M Fine.

You're about to enter a world where fortunes are made and lost in the blink of an eye, where the mighty fall and the meek inherit the earth. Or at least, that's what we're told. Futu Holdings, a Chinese online brokerage, just dropped a profit bombshell that's sending shockwaves across the industry. Their first-quarter profit? Down a staggering 61.2% from last year. But here's the thing: it gets worse.