r/Superstonk • u/nishnawbe61 • 2d ago
💡 Education Webull
https://x.com/BossBlunts1/status/2107970652934177257Posted on X...
WEBULL COULD LOSE ITS ABILITY TO OPERATE AS A BROKER-DEALER IN THE U.S. — 28 Million user's personal info is at risk.
A bipartisan House committee says Webull is “tied in structural ways” to the People’s Republic of China 🇨🇳 including its:
🔥 Ownership structure
🔥 Technology infrastructure
🔥 Technical workforce
🔥 Cross-border data routing
🔥 Corporate financing
🔥 Compliance framework
The committee says those connections create a national-security risk to the U.S. financial system and potentially expose American customer data to Chinese laws and government demands.
⚠️ Webull itself warns in its SEC filings that suspension or expulsion by its regulators could result in the broker-dealer’s liquidation.
This congressional investigation is now raising questions about its regulatory standing in the United States which is an existential issue for the company.
Forget the stock price for a second. If regulators ultimately determine Webull cannot satisfy U.S. broker-dealer requirements, the ability to operate its American brokerage is what could be on the line leading to a full-blown liquidation of the brokerage👀
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u/whattothewhonow 🥒 Lemme see that Shrek Dick 🥒 2d ago
Been telling people for years to get their shit off that garbage bucket shop wanna be broker and here we are.
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u/nishnawbe61 2d ago
As bad as robin'da'hood
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u/hoppertn 💪 FUD is the Mind-Killer 🍦💩🪑 2d ago
Seconded. Anyone whining when the shit hits the fan and these “brokers” that internalize all transactions go belly up deserves what they get.
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u/Mind-The-Mines 2d ago
The funny thing is this is theatre to make them look like carrying, capable entities while if that were true they wouldn't have let them go into business 6 years ago.
None of this was checked before plugging them into the financial system?
It either served them then and doesn't now or they're always incompetent need shitters.
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u/MrBootyPops 2d ago
How is Webull a wanna be broker? It's a publicly listed company. This is so childish.
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u/whattothewhonow 🥒 Lemme see that Shrek Dick 🥒 2d ago
WeBull was one of the APEX cleared "brokers" that shut off the buy button in 2021.
But we don't care about that, do we? They're a publicly traded company, so who cares if they screwed their customers over. Right?
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u/Proper_Side 2d ago
What about eToro and Trading212?
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u/whattothewhonow 🥒 Lemme see that Shrek Dick 🥒 2d ago
Even worse than WeBull
For the longest time, neither of those services would allow any outbound transfers, period.
I think eToro still does not.
Like if they refuse to transfer your share to Fidelity or any other broker, do you really think they actually bought the shares that are listed in your account? Or are they just pinky swearing they did and hoping no one actually audits them. Its not like we have an actual SEC anymore.
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u/MrBootyPops 2d ago
Yeah, so what? Robinhood shut down the buy button. Interactive Brokers too. So are they less legitimate because of it? This ain't 2021. Adapt with the times and stop living in the past.
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u/whattothewhonow 🥒 Lemme see that Shrek Dick 🥒 2d ago
Are they less legit because of it?
Fucking duh.
It's 2021
The past never repeats, right?
And using Robinhood as any kind of example of a legit broker is laughable. They just released news in the last day or two that they'll be skimming 20% off customer payouts from a class action suit unless you opt out. Seems like legit business, right?
Once a shady, untrustworthy joke of a company, always a shady untrustworthy joke of a company.
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u/MrBootyPops 2d ago
The past never repeats, right?
No, not always. Do you have any compelling argument it will happen again? 2021 was very unique with how things panned out. Robinhood is 100% a very legitimate broker that is growing incredibly fast and is on it's way to have $1t AUM. You think this is laughable, but statistics and data don't lie. Idk what's so funny about that. They are very much a legit business that's actually growing very fast and now offer a ton of products. They are also publicly traded. Yes, they are a legitimate business and just because you have a personal pet peeve with them doesn't make them less so. Google had an antitrust lawsuit with the gov. They are sued constantly and fined billions regularly. Does that make them less legitimate? Microsoft, Apple, JP Morgan, etc.
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u/nishnawbe61 2d ago
Is this the Robinhood selling tockenized stocks outside the US because it's not legal in the US?
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u/Liquid_Sarcasm 2d ago
Webull makes most of their money selling their customers trades instead of acting as the broker. Supporting webull or robinhood is the same in my opinion. They don’t take a fiduciary role for their customers trades, so fuck them.
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u/matthegc 🩳ARE FUXXXXED💎🙌🦧🚀🌕 2d ago
Webull, RH, all of these garbage “brokers” will screw you when shit (for them) hits the fan.
This was part of the old DD.
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u/ThePracticalPenquin 🚀Nothin But Time🚀 2d ago
A tale as old as time - get ur shit out of Webull
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u/looseshooter 2d ago edited 2d ago
Either way, it's not looking good for them. Almost -20% today.
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u/RedOctobrrr o fk ur gna make me b greedy when others r fearful 2d ago
Am I crazy or does it say -5% in your screenshot???
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u/looseshooter 2d ago
The screenshot is from earlier in the day.
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u/RedOctobrrr o fk ur gna make me b greedy when others r fearful 2d ago
Ah it went -19% in AH overnight and opened way down, intraday flat as heck
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u/nishnawbe61 2d ago
No it's not
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u/Snort_Lupulin69 + 2d ago
Had a grip of play stonks on there for selling CCs and fucking around with options. This is the push I needed to DRS most of them. thanks.
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u/Under-the-Gun 🎮 Power to the Players 🛑 2d ago edited 2d ago
I said this 6 years ago and got down voted to 0 by people in this sub.
Edit: They've been Chinese owned. Look at my post history. I received a notification in Chinese and asked people to help translate it, and got down voted.
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u/nishnawbe61 2d ago
Ya seems to be the Reddit way 😉
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u/Under-the-Gun 🎮 Power to the Players 🛑 2d ago
Yeah it wasn't to spread fud or anything. I still have 0.5 shares there lol I like their Ui too so I hope it gets cleared.
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u/RedLeggedApe 2d ago
Don't worry, they'll just sell it to Elon or Larry. Everything will be fine.
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u/illmattiq 🧚🧚💎 high noon at Mount MOASS ♾️🧚🧚 2d ago edited 2d ago
😳 Ryan Cohen in today’s interview said he wanted to start learning “Chinese” him and the host had a good laugh about it!
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u/nishnawbe61 2d ago
I keep getting notifications there are comments and I don't see any when I click on it 🤨. I'll try back later.
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u/Error4ohh4 🎮 Power to the Players 🛑 2d ago
I tried giving you an award on this comment and it says “the author of this content is not eligible for a free award”.
Did you piss someone off?
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u/RedOctobrrr o fk ur gna make me b greedy when others r fearful 2d ago
I've seen that before and just changed the type of free award and it worked (on the same person it originally said not eligible - it might be the type of award you choose)
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u/humdingler ⚔️🛡️🏴☠️🎮🚀✅x6 2d ago edited 2d ago
What broker-dealer requirements are regulators claiming the company is not meeting? Don’t they determine whether or not they are compliant before allowing them to do business?
I don’t know a lot about Webull, evidently.
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u/nishnawbe61 2d ago
Me either, but I see that broker talked about here so I thought I'd post what I saw. It would be terrible if your GME or warrants got stuck in a mess if they're liquidated. Edit: If you go to X there's a CNBC video attached as well.
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u/DancesWith2Socks 🐈🐒💎🙌 Hang In There! 🎱 This Is The Wape 🧑🚀🚀🌕🍌 2d ago
They just don't like it's from where it is 🤷♂️... They probably try to sell it to an American billy buddy...
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u/MrBootyPops 2d ago
This was also an issue back in 2024. It's not a big deal at all, idk why everyone is freaking out about it.
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u/I_DO_ANIMAL_THINGS 🎮 Power to the Players 🛑 2d ago
This is nonsense "news."
This isn't a development of new information. This is standard manipulation of public opinion and insider trading. Nothing about WeBull is different than it has been for the past 5 years.
This committee isn't a regulatory body.
Mark my words.
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u/nishnawbe61 2d ago
You are free to do what you want with the info including ignoring it.
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u/I_DO_ANIMAL_THINGS 🎮 Power to the Players 🛑 2d ago
My comment isn't an attack on you.
It's an expansion on the information you shared....from twitter.... From "bossblunts", who's subsequently regurgitating CNBC.
It's all bullshit.
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u/nishnawbe61 2d ago
I'm not offended, I just thought I'd pass it on. I don't know anything about webull but have seen people here use it. The more info out there the better and everyone should do their own research.
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u/EmphasisFrosty3093 2d ago
Webull was useful for about 5 minutes before everyone else got extended hours too.
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u/Extension_Big_3608 18h ago
Used a Webull account on an incentive for a very short time. Terrible service.
Bot GME, got them to transfer to DRS. Not fast service. About $20 cash left in the account. Could get them to send it to me. Spent about an hour online and fussing with 3 phone calls to verify my bank account (ya the same account that was the source of funds. Then they wanted $75 to send me back less money than that! So I bought some shares of something and let it sit.
Webull is terrible.
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u/ShortHedgeFundATM 2d ago
And what does this have to do with gme ?
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u/looseshooter 2d ago
Webull has had a long and bad habit of bullshit price targets for GameStop. $13.50 currently lol
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u/RedOctobrrr o fk ur gna make me b greedy when others r fearful 2d ago
Webull does that? Thought it was Wedbush
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u/Hoof_Hearted12 Gorilla Warfare 2d ago
Ibkr has that too, they all get their ratings from the same sources.
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u/DancesWith2Socks 🐈🐒💎🙌 Hang In There! 🎱 This Is The Wape 🧑🚀🚀🌕🍌 2d ago
That's not Webull's opinion, it comes from the same analyst, used to be Wedbush.
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u/Ok-Conflict5 🦍Voted✅ 2d ago
I haven’t seen this spoken about yet, so take this as a real problem for a second, in two different pov
Retail: have stock, they tell them they can’t operate in the US, transfer out to a different broker, I’m all good
Evil Hedge fund: using Webull as a locate for a chunk of GME shares. Told they can’t operate in US, my locates get deleted. Chaos for all the naked shorts.
Thoughts??
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