$Tiger Brokers(TIGR)$In my opinion, the one with higher risk is definitely $Futu Holdings Limited(FUTU)$with its large base of customer from the mainland. TIGR largely make up of international customers which i believe most of it from Singapore. I will look at it this way, if FUTU is going to be more exposed to the new PIPL, maybe more users might switch over to TIGR. Just my thought [Sigh]