FINRA has announced a $72,500 fine that Los Angeles-based brokerage firm Wedbush Securities Inc. has agreed to pay as a result of findings that Wedbush engaged in dozens of disclosure violations with customers and had numerous supervisory failures. (This is not a mistaken blog entry. You have understood our blog correctly. In addition to Wedbush’s history of regulatory fines, FINRA has published two (2) separate new fines just this month.) This is a firm that has been accused of securities and regulatory violations on a number of occasions and repeatedly has been the subject of FINRA arbitration awards involving stockbroker misconduct.

With Wedbush’s long history of regulatory fines and regulators’ findings that Wedbush engaged in various forms of misconduct, we are shocked that investors still would entrust their savings to the brokerage firm. Unfortunately, many investors are not made aware of these regulatory fines and Wedbush presumably does not go out of its way to announce such negative news. With offices located in Los Angeles, Dimond Kaplan & Rothstein, P.A. has represented a number of investors who have lost money as a result of Wedbush Securities’ alleged misconduct, and we continue to investigate and prosecute such claims against Wedbush.

EN   ES   PT     

Miami Office
Grand Bay Plaza
2665 S. Bayshore Drive
Penthouse 2B
Miami, FL 33133
Telephone: 786.628.8236

Los Angeles Office
Available by Appointment
2029 Century Park East
Century Plaza Tower
Suite 400N
Los Angeles, CA 90067
Telephone: 424.544.7930

New York City Office
Available by Appointment
14 Wall St, 20th Floor
New York, NY 10005
Telephone: 917.382.5217

West Palm Beach Office
Northbridge Centre
515 N. Flagler Drive, Suite P-300
West Palm Beach, FL 33401
Telephone: 561.475.2887

Detroit Office
41000 Woodward Avenue,
Suite 350 East
Bloomfield Hills, Mi 48304
Telephone: 248.368.0182