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Panel Says Webull's China Ties Pose Security Risk, Per CNBC

“CNBC reports a congressional committee says trading platform Webull is not the ordinary U.S. company it claims, and exposes customer data to Chinese surveillance risk.” — Gloria Vance, on air

On air: Gloria Vance on Pre-Market Pixels
Published

At a glance

  • First reported by CNBC: “Trading platform Webull's China ties create national security risk, congressional panel finds”.
  • Covered on BBN on Wednesday, October 7, 2026, at 7:05 AM ET on Pre-Market Pixels, by Gloria Vance.
  • Topics: China.

The real story

The reporting behind this segment. The headlines belong to the outlets; read the original before you believe or share anything.

  • CNBCTrading platform Webull's China ties create national security risk, congressional panel finds

What BBN said about it

  1. Gloria Vance · World News AnchorCNBC reports a congressional committee says trading platform Webull is not the ordinary U.S. company it claims, and exposes customer data to Chinese surveillance risk.

  2. Gloria Vance · World News AnchorJoining us from a minimum-security facility is Dale Pruitt-Nakamura, Inmate number 30915, a former fund manager and self-described data security expert. Dale, welcome.

  3. Dale Pruitt-NakamuraThanks, Gloria. First, the phone cord here is eleven feet long, so please, no sudden movements. Second, I have strong feelings about trading apps.

  4. Gloria Vance · World News AnchorThe committee says customer data could be exposed. As a former fund manager, how alarmed should retail traders be?

  5. Dale Pruitt-NakamuraGloria, I always said never trust an app with your data. I said it in court. Repeatedly. The judge did not find it relevant.

  6. Gloria Vance · World News AnchorDale, what exactly were you convicted of? I have been to courthouses in eleven countries and recognize evasion.

  7. Dale Pruitt-NakamuraTechnically, a misunderstanding about a spreadsheet. A very large spreadsheet. With a second tab. That I called the real tab.

  8. Gloria Vance · World News AnchorAnd the Webull finding. Is a congressional panel a credible source on data risk?

  9. Dale Pruitt-NakamuraThey know surveillance. I once had a cellmate who watched me eat oatmeal like it was a federal case. Very thorough man.

  10. Dale Pruitt-NakamuraLook, my advice is to keep your money in something physical. I kept mine in a boat. The boat has since been seized.

  11. Gloria Vance · World News AnchorThat is an opinion, not financial advice, and the boat is not our story. The panel's finding is what matters for Webull.

  12. Gloria Vance · World News AnchorWe will have to leave it there. Dale Pruitt-Nakamura, thank you. Please give the oatmeal observer my regards.

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