FINRA Fines Webull $4.2M After 120K Accounts Bypassed Proper ID Checks

6Importance
developingStatus
1News media
Published

Key claims & sources

Summary in preparation.

Market reaction i

SPACE IDID the headline names this asset

SPACE ID fell 0.6% in the 4 hours after the first headline, after rising 1.5% in the 2 hours before.

$0.0282 price at the headline
+1.5% 2 h before
-0.6% 4 h after
+2.2% 12 h after
First headline

47 prices, one every 30 minutes · The move was larger before the first headline than after: an observation, not an explanation. The market also moves on things nobody publishes.

Coverage timeline

Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.

first
Nov 5 19:20
Finance Magnates scoop
Breaks the event: $4.2M and $1.5M