Wedbush Securities hit with $900,000 fine for trading problems
The Los Angeles-based firm has had a history of failing to supervise certain trades that resulted in scrutiny from regulators and penalties.
The Financial Industry Regulatory Authority Inc. Tuesday fined Wedbush Securities Inc. $900,000 for trading violations called "failed-to-deliver positions," which occur when a seller fails to deliver securities to the buyer when delivery is due.
Los Angeles-based Wedbush Securities has 550 regist
Learn more about reprints and licensing for this article.