Webull Corporation.
BULL.US | Security and commodity contracts brokerage
Webull Corporation operates as a financial technology company, providing an online brokerage platform. It offers commission-free trading of stocks, ETFs, options, and cryptocurrencies. The platform provides users with market data, analysis tools, and educational resources to facilitate investment de...Show More
Better Health for All
0
No relevant evidence was found in the provided articles to assess BULL.US against the 'Better Health for All' ethical value.
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Both articles explicitly stated they contained no data pertaining to the company or the specified value.
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Fair Money & Economic Opportunity
-60
Webull Financial was fined $1.6 million by FINRA for multiple compliance failings, including inadequate oversight of over 400 paid social media influencers from January 2019 to December 2022, and failure to deliver the required Form CRS to approximately 5.9 million retail customers between June 2020 and December 2022.
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The company was also censured for violations related to the Vendor Display Rule and a lack of controls to prevent erroneous orders from September 2021 to April 2024.
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Webull serves users from over 180 countries.
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The company offers financial literacy resources, including a Learning Center and a partnership with Dow Jones to provide WSJ content.
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It also conducted in-person financial education events for college students and community organizations in 2023, and donated 8,000 tickets to community organizations in 2021-2022.
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Fair Pay & Worker Respect
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No evidence available to assess Webull Corporation on Fair Pay & Worker Respect.
Fair Trade & Ethical Sourcing
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Webull Corporation operates as a financial technology company, providing an online brokerage platform for trading financial instruments. Its business model does not involve the procurement, manufacturing, or trading of physical commodities or the management of a supply chain for physical goods. Therefore, all KPIs related to fair trade and ethical sourcing of materials, such as fair-trade certification, supplier audits, child labor incidents, supply chain traceability, remediation processes, ethical clauses in supplier contracts, high-risk material sourcing, and supplier diversity spend, are not applicable to the company's core operations. No evidence was found in the provided articles to suggest any involvement in these areas.
1
Honest & Fair Business
-10
The company incurred a total of $4.6 million in ethics-related regulatory fines in the past three years. This includes a $1.6 million fine from FINRA for compliance failings related to inadequate oversight of over 400 paid influencers between January 2019 and December 2022, widespread disclosure lapses affecting approximately 5.9 million retail customers (specifically failure to deliver Form CRS), and breaches of rules on communications, supervision, and recordkeeping.
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An additional $3 million fine was levied by FINRA for violations concerning customer approval for options trading and inadequate complaint handling.
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Kind to Animals
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No evidence available to assess Webull Corporation on Kind to Animals.
No War, No Weapons
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No specific, quantitative evidence was found in the provided articles to assess Webull Corporation (BULL.US) against any of the 'No War, No Weapons' KPIs. The articles either discuss general ESG investing principles, focus on other companies, or explicitly state that no relevant data for BULL.US is present.
1
Planet-Friendly Business
0
No specific, concrete data points for BULL.US regarding any of the Planet-Friendly Business KPIs were found in the provided articles.
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The articles primarily discuss general market trends in green technology, data center energy consumption, or are market research reports that explicitly state they do not contain company-specific data for BULL.US.
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Respect for Cultures & Communities
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No specific, concrete data points related to Webull Corporation's practices concerning respect for cultures and communities were found in the provided articles. The articles primarily focus on financial performance, general company information, and internal Diversity, Equity & Inclusion (DEI) ratings, without detailing any community engagement, cultural preservation efforts, or specific protocols relevant to the 'Respect for Cultures & Communities' value.
1
Safe & Smart Tech
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Webull holds numerous security certifications, including PCI, HIPAA, SOC 2 Type II (as of late 2024), GDPR, ISO 27001, FedRamp, and CSA Star Level 1.
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The company utilizes Secure Socket Layer (SSL) and end-to-end encryption.
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Users have comprehensive control over their personal data, with options to access, review, delete, change, or modify information, download account data, permanently delete accounts, withdraw consent, limit device data access, manage communications preferences, and limit mobile ad tracking and data sharing with marketing partners.
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Webull supports two-factor authentication (2FA) via SMS, email, hardware, software, TOTP, and U2F, and offers login with Google/Microsoft and Okta.
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A bug bounty program and vulnerability disclosure program are mentioned, but no details on their effectiveness or responsiveness are provided.
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However, Webull has faced regulatory issues, including a $3 million FINRA fine in 2023 for options trading approval shortcomings and failure to report customer complaints, a 2024 SEC fine for insufficient Suspicious Activity Reports (SARs), and a 2024 probe by U.S. state attorneys general regarding data privacy concerns and ties to Chinese entities.
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Zero Waste & Sustainable Products
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No specific, concrete data points were found in the provided articles regarding BULL.US's performance on any of the Zero Waste & Sustainable Products KPIs. All articles discuss other companies' sustainability efforts or general market trends, not Webull Corporation.