Wedbush Securities Founder Suspended for Supervisory Violations

out of order.jpgToday, a disciplinary panel fined and suspended Edward Wedbush and his firm, Los Angeles, California-based Wedbush Securities for the “persistent and egregious” failure to file timely and accurate regulatory reports, including information regarding stockbroker misconduct, despite repeated warnings. The firm was fined $300,000. Edward Wedbush was fined $30,000 and suspended from all supervisory duties for 31 days.

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