Webull Drops Nearly 30% as US Lawmakers Raise China-Ties Concerns

$BULL is down nearly 30% after a US House panel raised national-security concerns over Webull's ties to China and the handling of US investor data.
The scrutiny introduces a potentially significant regulatory and reputational risk for a brokerage business where customer trust and data security are critical.
Continued pressure on Webull could also affect competition among retail brokerages, including $HOOD, if active traders reconsider where they hold their accounts.