Webull shares plunged 22% in premarket trading after a bipartisan House Select Committee on China report found a "profound gap" between the brokerage's American marketing and its actual control structure. The committee said Webull's ownership, technical workforce, technology infrastructure, and data routing are structurally tied to China. The report noted Webull holds $24.6 billion in customer assets and uses a mainland China subsidiary for technology development. Concerns escalated after Webull began carrying customer cash directly in October 2025. About 90% of Webull's $571 million in 2025 revenue came from US customers, putting nearly its entire business within reach of US regulators. Webull's forward P/E dropped to around 18x, well below its one-year average of 43.3x. Webull did not immediately respond to requests for comment.

BREAKING: Block & Leviton investigates Webull (BULL) following report on China ties; investors with losses should contact the firm. BOSTON, Oct. 07, 2026 (GLOBE NEWSWIRE) - Block & Leviton is investigating Webull (Nasdaq: BULL) for potential securities law violations. Investors who have lost money in their Webull investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://blockleviton.com/cases/bull. What is this all about? Block & Leviton is investigating whether Webull may have misled investors about the extent of its operations and ties in mainland China. Webull markets itself as a St. Petersburg, Florida-based brokerage. On October 7, 2026, however, the House Select Committee on China released a bipartisan report finding that the company's ownership, technical workforce, infrastructure, cross-border data routing, financing and compliance frameworks are tied "in structural ways" to the Chinese government. The report also found that a mainland Chinese subsidiary employs about 62% of Webull's global workforce, and that the company had initially told the committee it had no offices or employees in China. Following the report, Webull's stock fell about 26% in early trading that day, to roughly $5.28 per share. Who is eligible? Anyone who purchased Webull common stock and has seen their shares fall may be eligible, whether or not they have sold their investment. Investors should contact Block & Leviton to learn more. What is Block & Leviton doing? Block & Leviton is investigating whether the Company committed securities law violations and may file an action to attempt to recover losses on behalf of investors who have lost money. What should you do next? If you've lost money on your investment, you should contact Block & Leviton to learn more via our case website, by email at [email protected], or by phone at (888) 256-2510. Whistleblower? If you have non-public information about Webull, you should consider assisting in our investigation or working with our attorneys to file a report with the Securities Exchange Commission under their whistleblower program. Whistleblowers who provide original information to the SEC may receive rewards of up to 30% of any successful recovery. For more information, contact Block & Leviton at [email protected] or by phone at (888) 256-2510. Why should you contact Block & Leviton? Block & Leviton is widely regarded as one of the leading securities class action firms in the country. Our attorneys have recovered billions of dollars for defrauded investors and are dedicated to obtaining significant recoveries on behalf of our clients through active litigation in the federal courts across the country. Many of the nation's top institutional investors hire us to represent their interests. You can learn more about us at our website, www.blockleviton.com, call (888) 256-2510 or email [email protected] with any questions. This notice may constitute attorney advertising.

Webull joins the X Cashtag Partner program. Business · OCT 2, 2026 PR Newswire X's real-time financial conversations, X Data and Webull's investing technology will create more connected experiences for self-directed investors NEW YORK... X's real-time financial conversations, X Data and Webull's investing technology will create more connected experiences for self-directed investors NEW YORK, Oct. 2, 2026 /PRNewswire/ - Webull (NASDAQ:BULL), an online investment platform, today announced a strategic partnership with X, to bring together social-market intelligence and investing technology. Webull will serve as a Cashtag Partner for stocks and crypto trading. Through the X Cashtag Partner ecosystem, Webull will enable X users to move from discussions about securities and crypto to investing through Webull's brokerage and trading infrastructure. The partnership also creates opportunities for Webull to leverage X data and social-market signals, including sentiment, discussion trends, market narratives and Cashtag activity, to help investors understand not only what the market is doing, but what the market is discussing. "The next generation of investing will be defined by how seamlessly technology connects information, intelligence, and action," said Anthony Denier, Group President and U.S. CEO of Webull. "Our partnership with X brings together powerful sources of market conversation with Webull's investing platform, creating new possibilities for how investors discover opportunities, understand markets, and take action." "With our Cashtag partners, we're connecting the financial conversation to action. People come to X to discover what's happening, shape the conversation, and act in real-time on what matters to them," said Monique Pintarelli, Head of Global Advertising, SpaceXAI. "Our Cashtag partners make it possible to move seamlessly from discovery and conversation to a brokerage, without breaking the moment." About Webull US Webull is a leading online investment platform built on next-generation global infrastructure. Users of the Webull platform are empowered to pursue their financial goals with advanced charting tools, cutting-edge technology, and real-time market data. Webull's customers can access low-cost trading across a wide range of assets and tools, including securities, options, digital assets, and futures, along with wealth management services, and AI technologies, for an elevated trading experience. The Webull platform also supports other financial firms, including brokers, hedge funds, advisors, fintechs, and financial institutions. All investing is subject to risk, including the possible loss of principal. Customers should carefully consider all risks associated with any investment, including the risks set forth in the disclosure documents linked below, and consult with financial professionals and other advisors before making any investment. Please visit http://www.webull.com/disclosures to read the applicable disclosure documents. For more information about Webull, visit www.webull.com. About Webull Corporation Webull Corporation (NASDAQ: BULL) owns and operates Webull, a leading digital investment platform built on next-generation global infrastructure and AI technologies. Through its global network of licensed brokerages, Webull offers investment services in 18 markets across North America, Asia Pacific, Europe, Africa, and Latin America. Webull serves more than 28 million registered users globally, providing retail and institutional investors with 24/7 access to global financial markets. Users can put investment strategies to work by trading global stocks, ETFs, options, futures, fractional shares, and digital assets through Webull's trading platform, which seamlessly integrates market data and information, its user community, and investor education resources. Learn more at www.webullcorp.com. Media Contact: 5W Public Relations Abigail Rush [email protected] (212) 999-5585 SOURCE Webull Published by News Desk · WeeklyReviewer The WeeklyReviewer news desk monitors breaking developments around the clock - sourcing, verifying, and publishing real-time industry news across business, technology, politics, science, sports, and world affairs. Every story that comes through the Live Wire is reviewed for accuracy before publication, keeping our readers ahead of the curve without the noise.