What can I do about this clause?

{'method': 'EMAIL', 'recipient': 'Webull privacy contact (see privacy policy for current contact details)', 'difficulty': 'MODERATE', 'action_type': 'EXPORT_DATA', 'instructions': "Contact Webull's privacy team to submit a CCPA opt-out request for the sale or sharing of your personal data. State clearly that you are exercising your right to opt out under California law (CCPA/CPRA) and request confirmation that your data will no longer be shared with third-party marketing partners.", 'deadline_days': None, 'deadline_hours': None}

Which regulatory agencies enforce this type of clause?

{'agency': 'FTC', 'reason': 'The FTC enforces against unfair or deceptive data sharing practices under Section 5 of the FTC Act, including failure to provide adequate opt-out mechanisms for third-party marketing data sharing.', 'complaint_url': 'https://reportfraud.ftc.gov/'}, {'agency': 'SEC', 'reason': 'The SEC enforces Regulation S-P requirements for broker-dealers, including obligations around nonpublic personal information sharing with non-affiliated third parties and opt-out notice requirements.', 'complaint_url': 'https://www.sec.gov/tcr'}

What is the severity of this clause?

ConductAtlas classifies this Third-Party Marketing Data Sharing clause as high 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 Third-Party Marketing Data Sharing clauses across approximately 1 other tracked platforms. You can compare how platforms differ on this clause type in the cross-platform comparison view.

Third-Party Marketing Data Sharing — Webull

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What it is

Webull may share your personal data with outside marketing and analytics companies, and you may need to actively opt out to stop this sharing.

Consumer impact (what this means for users)

Your personal data — potentially including financial information and trading behavior — may be shared with external marketing and analytics partners by default, unless you exercise your opt-out right under CCPA or Regulation S-P.

What you can do

⚠️ These actions may provide transparency or partial mitigation but may not fully address the underlying issue. Effectiveness varies by jurisdiction and individual circumstances.

Export Your Data

Contact Webull's privacy team to submit a CCPA opt-out request for the sale or sharing of your personal data. State clearly that you are exercising your right to opt out under California law (CCPA/CPRA) and request confirmation that your data will no longer be shared with third-party marketing partners.

Cross-platform context

See how other platforms handle Third-Party Marketing Data Sharing and similar clauses.

Compare across platforms →

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Why it matters (compliance & risk perspective)

Sharing your financial and personal data with third-party marketing partners goes beyond what most users expect from a trading platform, and the default appears to be opt-in unless you actively request otherwise.

View original clause language

We may share your personal information with third-party partners for marketing and analytics purposes. We may also share information with our affiliates and subsidiaries for business and operational purposes. You may have the right to opt out of the sale or sharing of your personal information as described in the Your Privacy Rights section below.

Institutional analysis (Compliance & legal intelligence)

REGULATORY FRAMEWORK: Regulation S-P (17 CFR §248.10-248.15) requires broker-dealers to provide customers with an opt-out right before sharing NPI with non-affiliated third parties, and mandates a clear and conspicuous privacy notice. CCPA/CPRA (Cal. Civil Code §1798.120) gives California residents the right to opt out of the 'sale' or 'sharing' of personal information, including sharing for cross-context behavioral advertising. GDPR Art. 6(1)(a) requires explicit consent for marketing data processing for EU users, and Art. 7 requires consent to be freely given, specific, and withdrawable. Enforcement authority: SEC/FINRA (Reg S-P), CPPA (CCPA/CPRA), FTC (Section 5).

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Applicable agencies

FTC

The FTC enforces against unfair or deceptive data sharing practices under Section 5 of the FTC Act, including failure to provide adequate opt-out mechanisms for third-party marketing data sharing.
File a complaint →
SEC

The SEC enforces Regulation S-P requirements for broker-dealers, including obligations around nonpublic personal information sharing with non-affiliated third parties and opt-out notice requirements.
File a complaint →

Provision details

Document information

Document

Webull Privacy Policy

Entity

Webull

Document last updated

April 29, 2026

Tracking information

First tracked

April 28, 2026

Last verified

April 28, 2026

Record ID

CA-P-003960

Document ID

CA-D-00057

Evidence Provenance

Source URL

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

Wayback Machine

View archived versions →

SHA-256

52ce27ebbc3f44e8211fd1b42bcf95b713a9bb02589393332f68453da894ec75

Verified

✓ Snapshot stored ✓ Change verified

How to Cite

ConductAtlas Policy Archive
Entity: Webull | Document: Webull Privacy Policy | Record: CA-P-003960
Captured: 2026-04-28 09:34:31 UTC | SHA-256: 52ce27ebbc3f44e8…
URL: https://conductatlas.com/platform/webull/webull-privacy-policy/third-party-marketing-data-sharing/
Accessed: May 2, 2026

Classification

Severity

High

Third-Party Marketing Data Sharing