US lawmakers raise concerns over Webull's ties to China, demand data on security risks
Dec 08, 2024
Chairman John Moolenaar and Ranking Member Raja Krishnamoorthi of the US House Select Committee on the Chinese Communist Party (CCP) have raised significant concerns about Webull Financial LLC's ownership structure and operational ties to the People's Republic of China (PRC). Due to these connections, the lawmakers highlighted the security risks posed to American investors' data and the broader US financial market.