October 26, 2010 Comments (0) Blog, Securities Fraud

Regulatory History of Wedbush Securities

(Last Updated On: July 17, 2015)

The White Law Group reviews securities fraud cases throughout the country, including reviewing securities fraud cases involving all of the FINRA registered broker-dealers.

Wedbush Securities is a FINRA registered broker-dealer founded in 1955.  It is primarily a West Coast firm, with headquarters in Los Angeles, California.

According to the firm’s FINRA Broker Report (CRD), Wedbush Securities has been the subject of numerous regulatory inquiries and customer complaints.

The regulatory inquiries (numbering over 40) have been brought by various regulatory bodies, including FINRA (formerly the NASD), the S.E.C., the NYSE Division of Enforcement, and numerous state regulatory bodies (Washington, Colorado, Georgia, New Jersey, Oregon, and Idaho).  These inquiries relate to various securities violations, including violations regarding market timing and supervisory failures.

Wedbush’s CRD also indicates that the firm has been the subject of over 40 arbitrations (customer complaints), with the firm in many cases being forced to pay customers damages as a result of its improper management.  These claims have related to various types of securities/ investments (municipal securities, mutual funds, stocks, bonds, options, and annuities) and have included claims for negligence, fraud, unsuitability, churning, excessive margin, breach of fiduciary duty, and misrepresentation.

If you have questions about investments you made with Wedbush Securities, The White Law Group may be able to help.  For a free consultation, call the firm at 312-238-9650.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Boca Raton, Florida. With over 30 years of securities law experience, including experience working at FINRA (f/k/a the NASD) and the SEC, The White Law Group has the expertise to help investors defrauded in securities, investment and financial business transactions.

For more information on The White Law Group, please visit our website at http://www.whitesecuritieslaw.com.

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