If Webull gets sued or faces legal costs because of something you did on the platform — including things done by someone else using your account — you must pay Webull's legal fees and any resulting damages.
If a third party brings legal action against Webull arising from your use of the platform or content you posted, you are required to cover Webull's legal defense costs and any resulting financial liability — a significant and often overlooked financial obligation.
Cross-platform context
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Compare across platforms →This provision makes you personally financially responsible for Webull's legal costs if any third party sues Webull because of your activity on the platform, which could be significantly costly.
REGULATORY FRAMEWORK: Consumer indemnification clauses are scrutinized under the FTC Act Section 5 where they impose disproportionate obligations on individual users and may constitute an unfair practice. California Civil Code §1668 may void indemnification clauses that cover Webull's own willful misconduct. The CFPB's unfair, deceptive, or abusive acts or practices (UDAAP) authority under the Consumer Financial Protection Act (12 U.S.C. §5531) applies where indemnification terms are not clearly disclosed or are materially one-sided.
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