BULL DEADLINE ALERT: Faruqi & Faruqi, LLP Reminds Webull Investors of Securities Class Action Lawsuit Deadline on December 7, 2026

NEW YORK--(BUSINESS WIRE)--Oct 12, 2026--

Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Webull Corporation (“Webull” or the “Company”) (NASDAQ: BULL) and reminds investors of the December 7, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

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Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) Webull’s mainland China operations were not limited to research and development and technical support functions, but rather Webull’s software development, data pipelines, and core engineering depended on PRC-based personnel and on infrastructure subject to Chinese law; (2) Webull’s ownership structure, technical workforce, technology infrastructure, cross-border data routing, financing, and compliance structure were structurally tied to China; (3) as a result, Webull’s representations that its principal business operations were based in the U.S. and that its U.S. customer data was insulated from non-U.S. access materially overstated Webull’s independence from the PRC; and (4) as a result, defendants’ statements about Webull’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

On October 7, 2026, the bipartisan House Select Committee on China issued a report which found “a profound gap” between Webull’s public marketing as “an American company” and actual control of the alleged St. Petersburg, Florida-based firm. The committee reportedly found “Webull’s ownership architecture, technical workforce, technology infrastructure, cross-border data routing, corporate financing, and compliance frameworks are tied in structural ways to the People’s Republic of China.” The Select Committee also reportedly found that Webull initially told the Select Committee that it had no offices or employees in China, while Webull’s mainland China subsidiary in fact employed approximately 863 employees, or 62% of Webull’s global workforce.

Webull Corporation stock fell $1.39 or 19.09%, to close at $5.89 on October 7, 2026, thereby injuring investors.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding Webull’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

To learn more about the Webull class action, go to www.faruqilaw.com/BULL or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

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Frequently Asked Questions (FAQ) for Investors Regarding the Webull Securities Class Action Lawsuit:

What is the Webull securities fraud lawsuit about?

The lawsuit alleges Webull misled investors about its independence from China, reliance on PRC-based personnel and infrastructure, and protections against foreign access to U.S. customer data.

Who may be eligible to participate in the lawsuit?

Investors who purchased or acquired Webull Corporation (NASDAQ: BULL) securities between April 26, 2026 and October 6, 2026 may be eligible if they suffered losses.

What is a lead plaintiff, and how can I seek appointment?

A lead plaintiff represents the proposed class during the litigation. Eligible investors must file a motion with the court by December 7, 2026. Investors may participate without serving as lead plaintiff.

Why should investors contact Faruqi & Faruqi, LLP?

Faruqi & Faruqi, LLP has represented investors in securities litigation for decades and has recovered hundreds of millions of dollars for shareholders. Investors who purchased Webull securities during the Class Period may contact the firm to discuss their legal rights, potential claims, and the lead plaintiff process at no cost or obligation.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ( www.faruqilaw.com ). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

BULL DEADLINE ALERT: Faruqi & Faruqi, LLP Reminds Webull Investors of Securities Class Action Lawsuit Deadline on December 7, 2026

WASHINGTON (AP) — U.S. District Judge Ana Reyes on Monday ordered a 24-hour halt to tree-cutting at the East Potomac Golf Course, a historic D.C. course that has been part of President Donald Trump’s plans to remake the city.

Reyes issued the order following a tense three-hour hearing in which she blistered the government for having deceived her with its actions over the holiday weekend.

Reyes said the 24-hour temporary order could be extended to 14 days if necessary. It was limited to one day while the government tries to find a key Trump administration official to discuss why a massive tree-cutting at the park needed to occur over the holiday weekend, with little notification to plaintiffs in a lawsuit trying to halt renovation plans or the judge.

It’s the latest example of the erosion of trust between the government and the independent judiciary, as the Trump administration tries to steamroll scrutiny of its actions, from the White House ballroom to immigration enforcement.

The hearing started with a blistering 15-minute statement from Reyes, who has declined repeated motions from the plaintiffs to halt work by the administration out of concern that its strategy has seemed to be move ahead on projects despite court actions.

“I am thoroughly unamused right now," Reyes said. “I do not know how I could have made it any plainer that I did not want what was to happen, to happen.” The judge added, “I have given the government every single benefit of the doubt that it would not do precisely what it has done.”

She told the government's lawyers sharply, “I wanted you all to be better than you have been.”

The emergency hearing on a holiday expanded as the judge ordered the government to get various participants in the decision-making process into the hearing remotely.

Reyes plans to hold another hearing Tuesday and wants to hear from Greg Wischer, deputy chief of staff at the Interior Department. Wischer pushed for the work to be done urgently, according to testimony from Frank Lands, deputy director of operations for the National Park Service.

Reyes and plaintiff’s attorney Abbe Lowell raised numerous questions about the timeline and chain of command for the decision and whether the witnesses were aware of other plans by the administration.

Kevin Griess, the superintendent of the National Mall and Memorial Parks, cited a 2019 National Park Service Cultural Landscape Report as the guide for the work.

Lands said it was part of Trump’s 2025 order to make D.C. safe and beautiful. Under questioning from Reyes, he acknowledged that while other city golf courses were also mentioned in the Cultural Landscape Report, there had been no discussions of work at them.

Associated Press writer Matthew Daly contributed to this report.

Golfers pass workers as the National Park Service begins cutting down trees at East Potomac Golf Links, Saturday, Oct. 10, 2026, in Washington. (AP Photo/Nathan Howard)

A golfer pauses near trees recently cut down by the National Park Service at East Potomac Golf Links, Saturday, Oct. 10, 2026, in Washington. (AP Photo/Nathan Howard)

Golfers pass workers as the National Park Service begins cutting down trees at East Potomac Golf Links, Saturday, Oct. 10, 2026, in Washington. (AP Photo/Nathan Howard)

Golfers pass trees recently cut down by the National Park Service, at East Potomac Golf Links, Saturday, Oct. 10, 2026, in Washington. (AP Photo/Nathan Howard)

President Donald Trump waves while returning to the White House following a trip to Clarksville, Tenn., on the South Lawn of the White House, Saturday, Oct. 10, 2026, in Washington. (AP Photo/Nathan Howard)