BULL INVESTOR ALERT: Webull Investors with Substantial Losses Have Opportunity to Lead the BULL Securities Class Action

Detailed summary

SAN FRANCISCO, Nov. 13, 2026 /PRNewswire/ -- On November 5, 2026, investors in Webull Corporation (NASDAQ: BULL) saw the price of their shares slide nearly 11% after FINRA…

SAN FRANCISCO, Nov. 13, 2026 /PRNewswire/ -- On November 5, 2026, investors in Webull Corporation (NASDAQ: BULL) saw the price of their shares slide nearly 11% after FINRA announced that it fined the company $4.2 million "for failing to implement reasonably designed programs for anti-money laundering (AML), identity theft prevention and best execution."

The latest development follows a securities class action filed after the House Select Committee's October 7 findings regarding the company's operations and workforce ties in mainland China.

Investors who suffered substantial losses in Webull shares during the class period should contact Hagens Berman to discuss their rights.

On November 5, 2026, announcing a multimillion dollar fine against Webull, FINRA's Head of Enforcement, Bill St. Louis, put it succinctly:

Regarding AML violations, FINRA found that between January 2020 and September 2023, Webull approved the opening of 120,000 new customer accounts without forming a reasonable belief that it knew the true identity of those customers.

The complaint alleges Webull misled investors about the nature of its business structure, claiming core operations were based in the U.S. and that mainland China facilities provided only minimal technical support.

"We're reviewing the Select Committee's findings and whether, if accurate, Webull may have intentionally misled investors about its corporate structure and violated applicable securities laws. Amid the FINRA fine, we've expanded our review to include its findings and whether the company may have misled investors about its compliance programs," said Reed Kathrein, the Hagens Berman partner leading the firm's investigation.

If you invested in BULL and have substantial losses, or have knowledge that will assist the firm's investigation, submit your losses now »

Whistleblowers: Persons with non-public information regarding Webull should consider their options to help in the investigation or take advantage of the SEC Whistleblower…

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