The House China Task Force conducted a recent investigation uncovering the lack of transparency in the connections between Wall Street-registered and listed securities broker Webull Financial and China. The report titled ‘Free Trades, Hidden Ties: Exposing Webull’s China Links’ was released on Wednesday, October 7th, by the China Task Force. The investigation found that Webull lacked transparency regarding its connections with China, exposing American investors’ data to the risk of monitoring in China. It detailed how Webull is controlled by executives with Chinese backgrounds and how its Chinese subsidiary received subsidies and cash rewards from Chinese government entities. Findings from…
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