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The firm has settled with the SEC over charges that it failed to supervise a registered representative allegedly involved in a pump-and-dump scheme.
The Los Angeles-based Wedbush Securities Inc. and the SEC have come to a settlement over charges that the firm failed to properly supervise one of its registered representatives, allegedly involved in a pump-and-dump scheme. The agreement, which follows an administrative proceeding from last year, will require the firm to pay a $250,000 penalty and agree...
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