India, Oct. 7 -- Webull is facing a major national security warning from US lawmakers. A bipartisan House Select Committee on China has accused the digital investment platform of having deep structural links to China's government and said those ties could pose a risk to the US financial system.

The committee said there is a big gap between Webull's public image and how the company actually operates. Webull markets itself as an American company, but the committee said its ownership, technology, workforce, infrastructure and data systems remain closely connected to China, according to CNBC.

The congressional panel said Webull's ownership and technology structure are linked to China in several ways. Its report pointed to the company's owne...