Webull issues statement on the House Select Committee report
BULL•BULL•BULL•BULL•Webull said U.S.-based supervisors control access to sensitive U.S. customer information, employees in China cannot access it, and no person in China can move or direct customer funds. The company said the report does not change how it operates and it has not had a material cybersecurity incident involving customer data.
Webull said U.S.-based supervisors control access to sensitive U.S. customer information and employees in China have no access to it. The company also said no person in China has authority or system access to move or direct customer funds, and it has not experienced a material cybersecurity incident involving customer data.
Webull said neither the SEC nor FINRA has brought an enforcement action against it relating to customer data protection or privacy. The company said the House Select Committee report does not change how it operates.
