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.

The financial advisor that solicited the investment in the Washington Mutual bond in the case that we are investigating was Securities America financial advisor Paula Dorian-Gray.

If you have any information that may assist us in our investigation on behalf of this investor, please contact our Chicago office 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.

According to his FINRA Broker Report (CRD), Christopher William Shanahan was previously a registered representative with Sentinel Financial Services Company, a registered broker-dealer based in Montpelier, Vermont, American Century Investment Services, a registered broker-dealer based in Kansas City, Missouri, and Putnam Retail Management, a registered broker-dealer based in Boston, Massachusetts.

If you have questions regarding investments you made with Christopher William Shanahan, or if you believe that you have been the victim of a securities fraud, The White Law Group may be able to help. The White Law Group is a national securities fraud, securities arbitration and investor protection law firm with offices in Chicago, Illinois and Boca Raton, Florida. The firm has over 30 years of experience reviewing securities fraud claims and handles matters throughout the country and Ohio, including reviewing securities fraud cases in Westlake, Cleveland, Shaker Heights, Toledo, Akron, and Sandusky. To contact the firm, please call 312-238-9650. Or, for more information on The White Law Group, please visit our website at http://www.whitesecuritieslaw.com.

According to his FINRA Broker Report (CRD), prior to working at GVC Capital, Richard Albert Seefried was a registered representative with Paulson Investment Company, a FINRA registered broker-dealer based in Spokane, Washington, J.P. Turner & Co., a FINRA registered broker-dealer based in Atlanta, Georgia, and Schneider Securities, Inc., a FINRA registered broker-dealer based in Denver, Colorado.

If you have questions regarding investments you made with Richard Seefried, or if you believe that you have been the victim of a securities fraud, The White Law Group may be able to help. The White Law Group is a national securities fraud, securities arbitration and investor protection law firm with offices in Chicago, Illinois and Boca Raton, Florida. The firm has over 30 years of experience reviewing securities fraud claims and handles matters throughout the country and Washington, including reviewing securities fraud cases in Spokane, Seattle, Tacoma, Yakima, Everett, Bellevue, and Olympia. To contact the firm, please call 312-238-9650. Or, for more information on The White Law Group, please visit our website at http://www.whitesecuritieslaw.com.

The proposed expansion – which FINRA will submit to the Securities and Exchange Commission (SEC) in the near future – would increase the number of customer complaints reported publicly; extend the public disclosure period for the full record of a broker who leaves the industry from two years to 10 years; and, make certain information about former brokers available permanently, such as criminal convictions and certain civil and arbitration judgments.

Specifically, FINRA’s proposed expansion of BrokerCheck would:

· Disclose all “historic” complaints against a broker dating back to 1999, when electronic filing of broker information began. Generally, historic complaints are customer complaints, arbitrations or litigations more than two years old that have not been adjudicated or have been settled for an amount less than the reporting requirement (currently $15,000). They are currently reported on BrokerCheck when the broker has three or more currently disclosable regulatory actions, customer complaints, arbitrations, litigations or historic complaints. The new proposal would disclose all historic complaints dating back to 1999 for individual brokers who are currently registered or whose registrations were terminated within the preceding two years. If the SEC approves the entire package of BrokerCheck expansion proposals, the reporting of historic complaints would apply to brokers whose registrations were terminated within the preceding 10 years.

· Expand the disclosure period for former brokers. Currently, a broker’s record is publicly available for two years after he or she leaves the securities industry. That two-year period coincides with the period in which an individual remains subject to FINRA’s jurisdiction and within which an individual can return to the industry without having to take requalifying exams. The new proposal calls for making a former broker’s record public for 10 years, so investors can access information about individuals who may work in other sectors of the financial services industry or who have attained other positions of trust.

· Further expand the amount of information that is permanently available on former brokers. Last year, BrokerCheck started making information about final regulatory actions (i.e., bars, suspensions, fines, etc.) against former brokers permanently available to the public. The new proposal would make additional information permanently available – including criminal convictions or pleas of guilty or nolo contendere; civil injunctions or findings of involvement in a violation of any investment-related statute or regulation; and arbitration awards or civil judgments based on the individual’s involvement in an alleged sales practice violation.

If you have questions about the FINRA Broker Check system, or about the employment history of your financial advisor, the Law Office of David A. Carter, P.A., may by able to help. David A. Carter is a South Florida securities lawyer based in Boca Raton, Florida. He reviews securities fraud cases throughout the country and Florida, including reviewing securities fraud cases in Delray Beach, Deerfield Beach, Parkland, Plantation, Highland Beach, Lighthouse Point, Pompano Beach, and Fort Lauderdale. To contact the Law Offices of David A. Carter, P.A., call 561-750-6999 or e-mail us at contact@carterpa.com. For more information on the firm, please visit our website at http://www.carterpa.com.