Webull Fined 4.2 Million by FINRA
FINRA fined Webull Financial 4.2 million dollars for failing to implement proper anti money laundering programs and verify customer identities. The digital brokerage agreed to a settlement without admitting wrongdoing.
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Webull Financial was fined $4.2 million by FINRA on Thursday afternoon following compliance failures involving illicit finance prevention. The digital brokerage settled the regulatory penalty without admitting or denying the findings.
