March 10, 2023 BY Steffy Bogdanova

FINRA fines Webull $3 million for approving unqualified customers for options  trading

FINRA stated: For example, the firm approved more than 2,500 customers under the age of 21 to trade options spreads, even though the firm’s eligibility criteria required customers to have at least three years of options trading experience before being approved for that trading level. FINRA also discovered that Webull's system for identifying and responding…

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