Thursday, 08 October 2026 01:52 PM
Class Action
NEW YORK CITY, NY / ACCESS Newswire / October 8, 2026 / Levi & Korsinsky notifies investors that it has commenced an investigation into Webull Corporation ("Webull Corporation") (NASDAQ:BULL) concerning potential violations of the federal securities laws.
Webull Corporation shares opened down more than 19.5% from its previous closing price, dropping about $1.43 per share before the market opened on October 7, 2026, after a bipartisan House Select Committee on China report raised national-security concerns about the Company's structural ties to China. The congressional report identified ties involving the Company's ownership, technical personnel, technology infrastructure, cross-border data routing, financing, and compliance practices, alleging a profound gap between its American branding and operational structure. It also questioned whether holding customer cash directly could expose billions of dollars in U.S. customer capital to China-related risk. The Company disputed these conclusions as inaccurate and unsupported, stating its U.S. business and customer-data controls are based in the United States.
Previously, in a Form 424B3 filed on September 11, 2025, management attested it did not "believe" that the company fell "within the scope of these or other laws, rules, or regulations targeting companies with connections to China." Continuing, the filing noted that previous communications with House Select Committee were based on "claims and allegations" that were "largely based on outdated and inaccurate information about Webull."
If you suffered a loss on your Webull Corporation securities and would like to explore a potential recovery under the federal securities laws, Learn More About the Investigation or contact Joseph E. Levi, Esq. via email at [email protected] or call (212)363-7500 to speak to our team of experienced shareholder advocates.
WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
[email protected]
Tel: (212)363-7500
Fax: (212)363-7171
SOURCE: Levi & Korsinsky, LLP