Faruqi & Faruqi, LLP, a national securities law firm, reminded Webull Corporation investors that Dec. 7, 2026, is the deadline to seek appointment as lead plaintiff in a federal securities class-action lawsuit against the company. The suit alleges Webull made false and misleading statements by failing to disclose the extent of its operational ties to the People’s Republic of China.
On October 7, 2026, the bipartisan House Select Committee on China issued a report that found significant connections between Webull’s ownership, workforce, and infrastructure and China. The findings ran counter to the company’s marketing as a U.S.-based firm.
Webull’s stock fell approximately 19% on October 7. It closed at $5.89 per share.