Webull Thailand Clarifies Negative News, Affirms Transparency, Proceeds with Legal Action Against Media

Kaohoon··THUS·Read original
2▲2 ▼0Impact / 5
Summary · why it matters

Mr. Chonladech Khemaratana, Chief Executive Officer of Webull Thailand, revealed that the company is pursuing criminal charges and seeking damages from media outlets that accused the company of accepting deposits outside the system, not performing KYC, and being an illegal bank. He affirmed that the allegations are false and that the company has passed inspections by the SEC and AMLO. The news caused fewer than 10 partners under discussion to temporarily suspend relations, about half of them, but key partners such as True Money and TTB continue their collaboration. Webull also pointed out that the SEC's approval for it to acquire a major stake in Pi reflects transparency, and the company recently received an award from the Cyber Police. Webull Group is registered in the US, does not operate in China, and has branches in four Southeast Asian countries, including Thailand.

Impact on assets 2

Digital Finance & Tokenization▲ · 1 stocks
Webull Corp
BULL
▲ PositiveRegulationrelevance

Webull Thailand denies false allegations, notes SEC and AMLO inspections passed, and is suing media outlets, defending its regulatory standing.

Financials▲ · 1 stocks

Off-coverage companies 2

Pi Securities Public Company LimitedPrivate▲ Positive
Regulationrelevance

The SEC's approval for Webull to acquire a major stake in Pi is cited as evidence of transparency, a positive regulatory signal for Pi.

Ascend MoneyPrivate± Mixed
relevance

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