Scenario description
Assume that by the resolution date, a U.S. financial-regulatory, law-enforcement, or national-security authority files, settles, or announces an enforcement action against Webull or its U.S. brokerage operations tied to reported China-linked data/security, technology, ownership, control, disclosure, supervision, or compliance risks. The action includes a civil complaint, administrative proceeding, cease-and-desist order, settlement, penalty, fine, mandated undertaking, or comparable enforcement mechanism. The available evidence does not specify the penalty size, duration of undertakings, or affected account volumes unless included in the official action.