Webull says that nothing in its app is financial advice — even tools, analysis, and market data presented in the app are not recommendations, and you use them at your own risk.
All data, tools, and market information Webull provides are disclaimed as non-advisory, meaning you bear full personal responsibility for investment decisions made using Webull's platform features, and Webull accepts no liability for resulting financial losses.
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Compare across platforms →This disclaimer means that if you lose money following data, analysis, or signals presented by Webull's platform, Webull is not legally responsible for those losses because it has disclaimed all advisory responsibility.
REGULATORY FRAMEWORK: The investment advice disclaimer engages SEC Regulation Best Interest (17 CFR 240.15l-1), which imposes a best interest standard on broker-dealer recommendations regardless of ToS disclaimers. FINRA Rule 2111 (Suitability) and Rule 2010 remain applicable to actual recommendations made through the platform. The Investment Advisers Act of 1940 (15 U.S.C. §80b-1 et seq.) governs whether algorithmic or personalized features of the platform constitute investment advice regardless of disclaimer. The FTC Act Section 5 applies where disclaimers conflict with actual platform marketing claims.
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Watcher: regulatory citations. Professional: full compliance memo.