Webull Corp amended the Omnibus Clearing Agreement between Webull Financial and Apex Clearing Corporation on August 27, 2025, to clarify the contract’s term. For investors, the change provides a clearer statement of the duration of a securities-clearing arrangement that supports Webull Financial’s relationship with Apex.

Key Highlights

  • Webull Financial entered an amendment with Apex Clearing on August 27, 2025.
  • The amendment’s stated purpose was to clarify the term of the Omnibus Clearing Agreement.
  • The Omnibus Clearing Agreement is dated January 26, 2021, with previous amendments dated June 1, 2021, and December 12, 2022.

Webull (NASDAQ: BULL) Financial LLC amended the Omnibus Clearing Agreement with Apex Clearing Corporation to clarify the contract’s term. Webull Financial entered the amendment on August 27, 2025, while the underlying agreement dates to January 26, 2021.

Apex Agreement Term Clarified

The agreement also includes earlier amendments dated June 1, 2021, and December 12, 2022. The amendment, the underlying agreement and the previous changes are attached together. Apex represents that it is a corporation organized under New York law and in good standing in jurisdictions relevant to its activities. The contract says Apex will use qualified, licensed managers, principals and supervisors for its operations. It also states that Apex must comply with applicable registration, customer-protection, financial-reporting and other requirements imposed by regulators and self-regulatory organizations. Those obligations include maintaining compliance with net Capital requirements and immediately notifying Webull Financial if its capital falls below specified regulatory levels or if certain capital withdrawals, advances or unsecured loans occur. The agreement distinguishes those services from bookkeeping, cashiering, Commodity transactions and other transactions not involving securities.