U.S. House Committee Investigation Finds Webull Global Failed to Disclose China Ties, Posing Data Security Risk
A recent investigation by the U.S. House Select Committee on the Strategic Competition between the United States and the Chinese Communist Party (Select Committee) found that the brokerage firm Webull Global was not transparent about its ties to China, exposing U.S. investors' financial data to the risk of surveillance. The committee noted that the Chinese Communist Party is exploiting U.S. financial data and markets.