On August 26, 2011, a FINRA arbitration panel ordered brokerage firm Wedbush Morgan Securities to pay an investor nearly $1.2 million as a result of stockbroker negligence and misconduct by Los Angeles-based Wedbush Morgan and one of Wedbush’s brokers. The arbitrators also ordered Edward Wedbush, Wedbush Morgan’s namesake and President, to pay the investor $200,000 for emotional distress. The arbitrators separately ordered the Wedbush broker to pay an additional $1.5 million to the investor.

This is one of a string of ten cases over the past year in which FINRA arbitrators have ordered Wedbush Morgan to compensate investors. During that time, Post navigation

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