Wedbush Securities has 500 registered reps in 70 branch offices.
FINRA on Friday penalized Wedbush Securities of Los Angelese $150,000 for various compliance and supervision shortcomings related to clients’ margin securities, as well as failing to disclose mark-ups and mark-downs of certain bond transactions.
Wedbush Securities has 500 registered reps in 70 branch offices. The firm has had a history of failing to supervise certain trades that resulted in scrutiny from regulators and penalties, along with other compliance problems.
FINRA in 2022 fined Wedbush Securities $900,000 for trading violations called “failed-to-deliver positions,” which occur when a seller fails to deliver securities to the buyer when delivery is due.
investmentnews.com
By Bruce Kelly
NOV 10, 2025