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Webull shares (NASDAQ:BULL) dropped to a near-four month low after CNBC reported a U.S. House Select panel found the platform “tied in structural ways” to China’s government, drawing a company rebuttal.
A House Select Committee on China report says Webull's ownership, technology and compliance frameworks are tied to China in ways that could expose U.S. customer data. The findings sent Webull shares down about 30% before the open.