Wedbush Securities controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2024
Securities-reporting accuracy and timeliness settlement
Wedbush agreed to pay $425,000 over allegations concerning inaccuracies and delays in publishing securities reports during the period from 2009 to 2022.
2023
Wire-transfer verification case
Wedbush agreed to a $350,000 fine in a case involving approval of approximately $6.6 million in wire transfers allegedly submitted by a hacker without sufficient verification.
2018
FINRA customer-protection and net-capital settlement
FINRA fined Wedbush $1.5 million over findings involving net-capital deficiencies, inaccurate customer-reserve calculations, and inadequate supervisory and recordkeeping systems. The firm settled without admitting or denying wrongdoing.