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Webull has an ongoing fully disclosed clearing arrangement with Apex Clearing, who currently clears all trading activity, holds customer cash, custodies equities & options, provides statements and trade confirmations amongst other traditional clearing services.
Apex Clearing Corp 5XXXXXXX (your Webull account number) Bank Account Number: 1617737: Beneficiary's Address: One Dallas Center, 350 N. St Paul Suite 1300 Dallas, TX 75201: Beneficiary's Phone Number: 888-828-0618: For Final Credit to (FFC) Please provide your Webull account name along with 8-digit alphanumeric account number 5XXXXXXX
Circumstances Necessitating the Transfer: Webull is transitioning its clearing relationship with Apex from clearing on a fully introduced basis to clearing on an omnibus basis. This means that your cash balance will be held by Webull that is protected under client-protection regulations and safeguarded under the SEC’s customer protection rule ...
$Avepoint Inc.Apex Clearing Corporation ("Apex") is notifying you about an upcoming amendment to the Apex Fully Paid Securities Lending Program (the "Program") in which you are currently enrolled. Pursuant to guidance published by the Securities and Exchange Commission, Apex is changing the method by which it maintains collateral in the program.
However, towards the end, TurboTax says I need to review some numbers and asks me to do the following: Form 1099-B Worksheet (Apex Clearing Corporation): Cost or Adjusted Basis (Positive Amounts Only) must be entered. My Webull tax form shows my total cost basis is around $170,000, since I'm a high volume trader.