Which regulatory agencies enforce this type of clause?

{'agency': 'FTC', 'reason': 'The FTC has authority to act where broad IP licenses constitute unfair or deceptive practices not clearly disclosed to consumers.', 'complaint_url': 'https://reportfraud.ftc.gov/'}, {'agency': 'State_AG', 'reason': 'State attorneys general in California can enforce CCPA rights and right of publicity violations arising from broad commercial use of user content.', 'complaint_url': 'https://www.naag.org/find-my-ag/'}

What is the severity of this clause?

ConductAtlas classifies this Broad Intellectual Property License Over User Content clause as medium severity. Severity reflects the magnitude of rights affected, the breadth of users impacted, and the degree of discretion the platform retains.

Do other platforms have similar clauses?

Yes. ConductAtlas has identified similar Broad Intellectual Property License Over User Content clauses across approximately 2 other tracked platforms. You can compare how platforms differ on this clause type in the cross-platform comparison view.

Broad Intellectual Property License Over User Content — Webull

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What it is

When you post anything on Webull — comments, analysis, or other content — you give Webull a permanent, global, free license to use, copy, modify, and share that content however they want, including giving it to third parties.

Consumer impact (what this means for users)

Any content you post on Webull's platform — including investment ideas, forum posts, or analysis — can be used, modified, and redistributed by Webull globally and shared with sublicensees without additional compensation or consent, for any purpose.

Cross-platform context

See how other platforms handle Broad Intellectual Property License Over User Content and similar clauses.

Compare across platforms →

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Why it matters (compliance & risk perspective)

This license is broad and sublicensable, meaning Webull can share your content with third parties or use it for commercial purposes without paying you or asking for additional permission.

View original clause language

By submitting, posting or displaying Content on or through the Services, you grant us a worldwide, non-exclusive, royalty-free license (with the right to sublicense) to use, copy, reproduce, process, adapt, modify, publish, transmit, display and distribute such Content in any and all media or distribution methods now known or later developed.

Institutional analysis (Compliance & legal intelligence)

REGULATORY FRAMEWORK: Broad IP licenses in consumer terms implicate the FTC Act Section 5 where they are not clearly disclosed, and may engage state right of publicity laws (California Civil Code §3344, New York Civil Rights Law §50-51) if user-generated content includes personal likenesses. The CCPA (Cal. Civ. Code §1798.140) may classify certain content as personal information subject to data rights. The EU GDPR (Art. 6, Art. 7) requires a lawful basis for processing personal data, which a broad IP license alone may not provide.

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Applicable agencies

FTC

The FTC has authority to act where broad IP licenses constitute unfair or deceptive practices not clearly disclosed to consumers.
File a complaint →
State AG

State attorneys general in California can enforce CCPA rights and right of publicity violations arising from broad commercial use of user content.
File a complaint →

Provision details

Document information

Document

Webull Customer Agreement

Entity

Webull

Document last updated

April 29, 2026

Tracking information

First tracked

April 28, 2026

Last verified

April 28, 2026

Record ID

CA-P-003955

Document ID

CA-D-00056

Evidence Provenance

Source URL

https://www.webull.com/protocol/webull_terms_of_service

Wayback Machine

View archived versions →

SHA-256

0b5f116326f613645ce3d60c1e3292ef9ad50bb9fff59bdc3b80a866c73612e2

Verified

✓ Snapshot stored ✓ Change verified

How to Cite

ConductAtlas Policy Archive
Entity: Webull | Document: Webull Customer Agreement | Record: CA-P-003955
Captured: 2026-04-28 09:29:19 UTC | SHA-256: 0b5f116326f61364…
URL: https://conductatlas.com/platform/webull/webull-customer-agreement/broad-intellectual-property-license-over-user-content/
Accessed: May 2, 2026

Classification

Severity

Medium

Broad Intellectual Property License Over User Content