A U.S. House committee stated that internal messages from the online investment platform Webull show Chinese employees can access U.S. customer data.
The U.S. House Select Committee on the Chinese Communist Party released an analysis report on Tuesday stating that internal messages from the online investment platform Webull indicate one of its Chinese employees had access to U.S. customer information, despite the company's previous claims prohibiting such sharing. The committee noted that these messages date back to 2021 and questioned Webull's assertions that U.S. customer data is stored only in the U.S. and that access to sensitive data is controlled by U.S. employees. Previously, in an October 7 report, the committee stated that Webull has "structural ties" to the Chinese government, posing a national security threat to U.S. finance, after which Webull's stock price fell by over 19%. A Webull spokesperson responded that customer data protection is central to its operations, U.S. customer data is stored exclusively on U.S. AWS servers, and sensitive data access is restricted to U.S. employees. The spokesperson criticized the timing of the committee's release of messages related to a routine FINRA incident that was resolved in 2021.
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
-
1
U.S. Secretary of State Rubio visited India's Reliance refinery to discuss increasing the refining of Venezuelan crude oil, aiming to balance sanctions against Russia with oil price stability.
-
2
Iran Denies Imminent Economic Collapse, US Says Revolutionary Guard Faces Funding Shortages
-
3
Oracle, Meta, and SpaceX credit default swaps (CDS) hit all-time highs, as the market anticipates a surge in AI-related bond issuance in Q4.
-
4
CME Group announced that FalconX and GSR completed the first block trades of its newly launched Bitcoin Cash and Uniswap futures on October 20.
-
5
SEC and Japan's FSA Held Autumn Financial Regulatory Dialogue in Tokyo on Oct. 19
-
6
Tx launches Brale-issued USTX stablecoin, mintable with USDC from eight networks, to pull RWA liquidity onto its chain for settling tokenized stocks and other assets.
-
7
Microsoft, Alphabet, Goldman Sachs among seven more companies objecting to OKX-ICE tokenized stock trading, bringing total to 16
-
8
Bloomberg columnist Jonathan Levin wrote that CoreWeave bonds plunged this month, with yields on notes due in 2032 briefly soaring to 15%, sounding an alarm for the corporate credit market. The Federal Reserve should hold steady at its October policy meeting.
-
9
Novo Nordisk's next-generation obesity drug CagriSema showed an average weight reduction of 25% in women in a late-stage analysis.
-
10
CATL, China's battery giant, saw its Q3 net profit growth slow to 14.54%, with its stock price falling.
Markets Today
Recommended Reading


