Webull Shares Drop After House Panel Flags China Ties
Shares of Webull fell to a near four-month low after a US congressional panel reported structural ties to the Chinese government. The company strongly disputed the findings, stating it cooperated and stored customer data in the US.
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WEBULL CORP shares dropped 19.1% to a near-four-month low on Wednesday afternoon after a United States congressional panel reported deep structural ties to the China government. The bipartisan House Select Committee on China said the online trading platform relies on mainland technology providers and opaque ownership structures. The findings highlight intensifying regulatory scrutiny over foreign links in critical financial services.
