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Wedbush's Recordkeeping Blunders Lead to Multi-Million Dollar Fines by US Watchdogs

Tuesday proved to be exceptionally unlucky for the Los Angeles-based registered futures commission merchant, Wedbush Securities Inc., which faced challenges from two regulatory fronts. First, the Commodity Futures Trading Commission (CFTC) imposed a penalty of $6 million, followed by a $10 million fine from the Securities and Exchange Commission (SEC). This comes in response to the company's consistent failures to maintain essential records and a lack of proper oversight in business dealings as... Read More

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Posted: Aug 9 2023, 06:31

Author Name: financemagnates

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