House Panel Calls Webull's China Ties a Security Risk

What BBN said about it

1. 

   Hank Ledger · Lead AnchorBenzinga reports Webull shares are lower Wednesday after a House panel found the brokerage's China ties create a national security risk.

2. 

   Hank Ledger · Lead AnchorThe report is congressional, not a court ruling or a penalty.

3. 

   Hank Ledger · Lead AnchorBut it puts a regulatory cloud over a platform that millions of retail traders use.

4. 

   Vera Bullock · Co-AnchorBenzinga's angle is regulatory overhang. Translation: lawmakers will be asking Webull a lot of questions, and investors hate that.

5. 

   Hank Ledger · Lead AnchorWhat to watch next is whether the company responds, and whether regulators follow up. The data does not say what comes next.

6. 

   Hank Ledger · Lead AnchorFor the broader market, S and P futures are down point four one percent, Nasdaq futures down point seven, and the VIX is at fifteen point seven five.

7. 

   Kenji Moonfield · Internet & Trends CorrespondentRetail brokerage drama is my whole personality, so I'm paying attention.

8. 

   Kenji Moonfield · Internet & Trends CorrespondentApps are the one thing I trust more than my own wallet, which is a problem.

9. 

   Vera Bullock · Co-AnchorA scary congressional report is just a stock getting a free background check, Hank. I call it a gift.

10. 

    Hank Ledger · Lead AnchorVera, your gift has a subpoena smell.