BREAKING: Block & Leviton Investigates Webull (BULL) Following Report on China Ties; Investors With Losses Should Contact the Firm

BOSTON, Oct. 07, 2026 (GLOBE NEWSWIRE) -- Block & Leviton is investigating Webull (Nasdaq: BULL) for potential securities law violations. Investors who have lost money in their Webull investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://blockleviton.com/cases/bull.

Block & Leviton is investigating whether Webull may have misled investors about the extent of its operations and ties in mainland China. Webull markets itself as a St. Petersburg, Florida-based brokerage. On October 7, 2026, however, the House Select Committee on China released a bipartisan report finding that the company's ownership, technical workforce, infrastructure, cross-border data routing, financing and compliance frameworks are tied "in structural ways" to the Chinese government. The report also found that a mainland Chinese subsidiary employs about 62% of Webull's global workforce, and that the company had initially told the committee it had no offices or employees in China. Following the report, Webull's stock fell about 26% in early trading that day, to roughly $5.28 per share.