Indiana's Attorney General, Todd Rokita, is leading a multistate inquiry into Webull Financial LLC, a Chinese-owned company, over concerns that it may have exposed clients' personal information to the Chinese Communist Party. The investigation has garnered support from Senator Tuberville, who criticized the SEC for its focus on global warming rather than financial security issues, and mentioned that SEC Chairman Gary Gensler is missing in action. Tuberville has urged the SEC to investigate Webull's connections, praising Rokita for addressing the potential breach of privacy.
WeBull is being investigated by Indiana's AG as it may have exposed clients’ personal information to the Chinese Communist Party.
Webull's ties to the Chinese Communist Party are concerning. I've asked the SEC to investigate, but they are too focused on combating global warming. I'm glad Indiana @AGToddRokita is picking up their slack and fighting to protect investors. Gary Gensler is MIA. https://t.co/LSlFw9SHcD
Multiple 🇺🇸 States are looking into WeBull for potentially disclosing client information to China 🇨🇳 https://t.co/y9g5ScFXp5