Wedbush Securities Inc has agreed to pay a fine of $425,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA).
Between September 2009 and March 2022, Wedbush Securities published quarterly reports on its securities that failed to disclose required information; provided inaccurate and incomplete information; or were not timely published. In addition, between January 2020 and December 2021, Wedbush Securities failed to notify customers of the availability of information concerning NMS securities.
Therefore, the firm violated Rules 606(a) and 606(b)(2) of Regulation NMS under the Securities Exchange Act of 1934 and FINRA Rule 2010.
Between January 2015 and May 2022, Wedbush Securities published monthly reports regarding its execution of covered orders that contained inaccurate…
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