Wedbush Morgan Securities Fined by FINRA

In May 2010, the Financial Industry Regulatory Authority (FINRA) fined Los Angeles, California-based brokerage firm Wedbush Morgan Securities Inc. $12,500 for selling municipal bonds to customers at a price that was not fair and reasonable. Wedbush Morgan also was required to make restitution to the customers in the amount of $5,986.26.

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