Webull posted a record $198.8 million quarter, yet BULL shareholders absorbed the stock’s steepest one-day decline in more than a year after a congressional China report questioned the Company’s structure. Investors who lost money may be entitled to seek recovery.
NEW YORK, Oct. 7, 2026 /PRNewswire/ — Webull Corporation (NASDAQ: BULL) shares plunged in morning trading toward their steepest one-day decline in more than a year after a bipartisan House Select Committee on China report questioned the Company’s China ties. The drop came just weeks after Webull posted record quarterly revenue of $198.8 million. If your BULL position lost value in that selloff, you may have legal rights. Shareholders who suffered losses are encouraged to submit your BULL loss information here or contact Joseph E. Levi, Esq. at jlevi@levikorsinsky.com or (212) 363-7500.
Previously, in a prospectus update filing on September 11, 2025, Webull discussed receipt of a letter from the House Select Committee, inquiring about “the security of sensitive customer data” and the relationship between Webull Financial and the company’s China operations. Assuring investors, management asserted “the claims and allegations in both letters were largely based on outdated and inaccurate information.”
Following the House Committee Report, Siebert Financial reportedly suspended its buy rating and price target, with analyst Brian Vieten highlighting a “level of uncertainty that we cannot reasonable incorporate” triggered by the “potential regulatory and operational implications of these findings. Levi & Korsinsky investigates.
Lost money on BULL? Start your free BULL loss review now, or call (212) 363-7500 to speak with Joseph E. Levi, Esq.
Levi & Korsinsky, LLP — Top 50 securities litigation firm (ISS, seven consecutive years). Over 70 professionals. Hundreds of millions recovered.
Frequently Asked Questions About the BULL Investigation
Q: How much did BULL stock drop?A: Webull shares fell $1.43, or about 19.64% overnight, from a closing price of $7.28 on October 6, 2026, to an opening price of just $5.85 on October 7, 2026. Investors who purchased shares at allegedly inflated prices and suffered losses may be eligible to seek compensation.
Q: Which statements are being investigated as potentially misleading?A: The investigation concerns whether Webull Corporation made materially false or misleading statements regarding its global infrastructure, technology operations and China-related structure. The investigation further concerns statements Webull and its management have previously made regarding House Select Committee’s investigation.
Q: When did Webull allegedly mislead investors?A: The investigation concerns statements made before the committee report that allegedly caused investors to purchase securities at inflated prices. These include remarks dating back to the Company’s response to a December 5, 2024 letter from the Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party of the U.S. House of Representatives.
Q: What do BULL investors need to do right now?A: Investors may gather brokerage records showing purchase dates, share quantities, and prices paid. Submit your information for a no-cost, no-obligation evaluation of your potential recovery. No immediate action is required to remain eligible to participate in the investigation.
Q: What documents do I need to participate?A: Brokerage statements or trade confirmations showing purchase dates, share quantities, prices paid, and any subsequent sale dates and prices.
Q: What if I already sold my BULL shares — can I still recover losses?A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought BULL and sold at a loss may still participate in the investigation.
Q: What does it cost me to participate?A: There is no upfront cost to submit your information and review whether you may be eligible to recover. Should you choose to participate in any resulting action, these matters are generally handled on a contingency basis, with any attorneys’ fees and expenses subject to court approval.
Q: What if I live outside the United States?A: U.S. securities investigations generally cover purchases on U.S. exchanges regardless of the investor’s country of residence. Investors outside the United States who bought BULL shares on the Nasdaq and suffered losses may still be eligible to participate.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
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SOURCE Levi & Korsinsky, LLP
