NEW YORK, Oct. 08, 2026 (GLOBE NEWSWIRE) — Israel David LLC is investigating potential securities claims on behalf of investors in Webull Corporation (NASDAQ: BULL) following the October 7, 2026 release of a bipartisan House Select Committee report on the company’s ties to China. On that news, Webull’s stock price fell $1.39 per share, or approximately 19.1%, to close at $5.89 per share on October 7, 2026.
Investigation details and inquiry form: https://shareholderjustice.com/bull
What Prompted the Investigation
In SEC filings, including a September 2025 prospectus and its April 2026 annual report, Webull told investors it believed concerns raised in a late-2024 Select Committee letter about its China operations “were largely based on outdated and inaccurate information.” Those filings also stated that Webull’s mainland China operations “are limited to research and development and technical support functions.”
The Committee’s October 7 report identified “a profound gap” between Webull’s presentation of itself as “an American company,” headquartered in St. Petersburg, Florida, and what it called the firm’s “operational reality.” The report states that Webull kept finance, clearing and customer-service leadership roles in mainland China, and that Webull Financial told the Committee in early 2025 that it had no offices or employees in China. The report also questions the security of American customers’ data and the company’s regulatory controls. Webull has disputed the report’s findings.
The investigation concerns whether Webull and certain of its officers made materially false or misleading statements, or failed to disclose material information, regarding the company’s China ties.
What Investors Can Do
Investors who purchased Webull securities and suffered losses may contact Israel David LLC at (888) 868-0055 or through the link above. The Firm handles securities class actions on a contingency basis, so investors pay no fees or expenses unless there is a recovery.
About Israel David LLC
Israel David LLC is an elite litigation boutique that represents companies, boards and investors in complex disputes. The Firm’s partners spent decades at some of the nation’s most prominent law firms handling major securities class actions and shareholder litigation, and its attorneys have been appointed by federal and state courts to lead important class actions.
Contact: Israel David LLC, 60 Broad Street, Suite 2900, New York, NY 10004, (888) 868-0055, [email protected]
