Washington, Oct. 21 -- A US congressional committee has raised concerns over online brokerage platform Webull's data security practices, questioning its assurances that sensitive American customer information remains protected despite the company's operational and corporate connections to China, The Epoch Times reported.

In a statement issued on October 20, the House Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party accused Webull of making "numerous false statements" following its October 7 report examining the company's links to China, The Epoch Times reported.

Webull has rejected the committee's allegations. In a statement submitted to the Securities and Exchange Commission (SEC) ...