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March 13, 2019

Posted  March 13, 2019

Wedbush Securities, Inc., will pay a $250,000 penalty to resolve an SEC investigation into an alleged failure to supervise its representatives.  Wedbush allegedly ignored evidence that one of its representatives was engaged in a pump-and-dump scheme targeting retail investors.  Wedbush also agreed to undertake specified remedial measures.  SEC

Tagged in: Financial Institution Fraud, Market Manipulation and Trading Violations, Regulatory Violations, Securities Fraud,