Webull falls after US panel reportedly raises China concerns
BULL•Webull shares fell 19% to $5.90 after a US congressional committee reportedly raised national security concerns over the brokerage’s ties to China. Webull disputed the findings, saying US customer data is stored and controlled in the United States.
1. Committee raises concerns
A US congressional committee reportedly raised national security concerns over Webull’s ties to China, alleging its ownership, technology infrastructure, data flows and engineering operations are linked to China. Webull disputed the findings, saying US customer data is stored and controlled in the United States.
