Violation Tracker Individual Record

Company: 
Wedbush Securities Inc.
Current Parent Company: 
Wedbush Securities
Penalty: 
$1,500,000
Year: 
2018
Date: 
February 5, 2018
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Violation Description: 

The Financial Industry Regulatory Authority fined Wedbush Securities Inc. $1.5 million for violating the Securities and Exchange Commission's Customer Protection and Net Capital Rules, and for related supervisory and books and records failures.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Financial Industry Regulatory Authority
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
California
Ownership Structure of Parent: 
privately held
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
stock brokerage
Notes: 

FINRA is a securities industry self-regulatory body authorized by the federal government.

Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.