Stock Market Today, Oct. 7: Webull Plunges 19% on House China Security Report

Webull plunged 19% on Oct. 7 after a House panel report raised security concerns about the company's ties to China. The report cited that 62% of Webull's employees reside in China, while 90% of its sales come from the U.S. It also prompted calls for further regulatory review.

The selloff hits a stock already under heavy pressure. Webull has fallen 56% since its 2025 IPO, even as the company posted 51% sales growth. That gap between growth and share price shows the market is weighting regulatory and geopolitical risk above operating results.

Interpretation: the employee-location figure and the U.S. revenue concentration form a clean bear narrative. A business that earns nearly all its sales from American customers while staffing mostly in China invites scrutiny on data handling, and the call for further review keeps that overhang open. Nothing in the report ties to a specific enforcement action yet, so the move reflects fear of what could follow rather than a confirmed penalty.

The canonical tickers tied to this story, BULL, BULLW, HOOD and IBKR, sit in the same retail-brokerage orbit, though the report itself targets Webull's China exposure.