Wedbush Securities

Wedbush Securities Inc. is a privately held financial services firm based in Los Angeles.

[3] Wedbush operates three divisions: Wealth Management, Investment Banking & Capital Markets, and Clearing & Execution.

[citation needed] The firm was founded in 1955 by two high school friends, Edward W. Wedbush, and Robert Werner, in Los Angeles, California.

[8] In 2018, FINRA fined Wedbush $1.5 million for violating the SEC's Customer Protection and Net Capital Rules, and for related supervisory, books, and records failures.

FINRA also found that Wedbush had failed to "establish and maintain supervisory systems and procedures reasonably designed to ensure compliance with the Customer Protection and Net Capital Rules, which exposed customer funds and securities to risk and prevented the firm from detecting the deficiencies for nearly seven years."