Movement Alert｜Webull Corp Falls 20.05% in Regular Trading, Congressional Panel Flags National Security Risk Over China Ties

Market Focus10-07 21:39

On October 7, Webull Corp fell 20.05% in regular trading, extending its premarket decline after a bipartisan House panel report labeled the company a national security risk due to its ownership, technology, workforce, and data flows linked to China. The committee alleged Webull's China-based operations could expose American investor data and capital to Chinese laws and demands. The company did not immediately respond to a request for comment.

The drop comes despite recent operational momentum, including a second-quarter earnings beat and expansion into Thailand via its acquisition of Pi Securities.

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