Webull (NASDAQ:BULL) shares fell 15% on Wednesday after a US House congressional panel identified the brokerage platform’s ties to China as a national security risk, according to a CNBC report.
The congressional panel raised concerns about Webull’s structural connections to China and the potential implications of those links for US investors.
Congressional Findings Put Webull’s China Links in Focus
The panel’s assessment focuses on Webull’s connections to Chinese entities and their potential national security implications.
The findings come amid broader scrutiny of technology and financial services companies with links to China operating in US markets.
Webull shares declined following the report as investors assessed the potential implications of the congressional findings for the company’s US operations and regulatory position.
Webull Corporation stock price
