Second Lawsuit filed Against WEDBUSH SECURITIES

Soreide Law Group has filed the second FINRA arbitration recently on behalf of our client (Claimant) who was also a client JONATHAN MALINGER against:

WEDBUSH SECURITIES INC. (Respondent)

The Claimant, who resides in Idaho, brings this claim to recover losses caused by the Respondent. The lawsuit alleges that the Respondent’s former Financial Advisor, JONATHAN HILTON MALINGER (JONATHAN H MALINGER, JONATHAN MALINGER) made unsuitable and unauthorized trades in the Claimant’s accounts. The Respondent’s alleged actions have caused the Claimant to suffer unnecessary principal investment losses.

According to the lawsuit, the Claimant’s Financial Advisor, JONATHAN MALINGER allegedly made unauthorized purchases and sales in bonds to generate commissions.

The lawsuit alleges the Claimant suffered losses of approximately $499,999.00. The lawsuit states that the Respondent’s actions in this case constitute a breach of fiduciary duty, negligence, and negligent supervision. JONATHAN MALINGER is not named in this lawsuit.

Malinger is no longer registered with WEDBUSH SECURITIES.  MALINGER was previously registered with WEDBUSH SECURITIES INC of Pasadena, California, from 02/18/2022 - 03/13/2026. MALINGER was registered with HILLTOP SECURITIES INC of Pooler, Georgia from 12/10/2008 - 03/18/2022.

According to FINRA’s BrokerCheck, JONATHAN MALINGER has 18 years of experience in the securities industry. In addition, MALINGER was listed with 3 firms and has 2 disclosures.  One of the disclosures is a “Customer Dispute” dated 9/5/2025 that is currently pending.  The allegations are, “Cal. Financial Elder Abuse in Violation of Welfare & Institutions Code §15600 et seq., breach of fiduciary duty, professional negligence, and violations of California Law and FINRA Rules and Regulations.” The damage amount requested is not listed.

To discuss this article or any other securities issues, contact Soreide Law Group and speak to an experienced securities lawyer at no cost:  888-760-6552.

Soreide Law Group represents our client nationwide before FINRA on a contingency fee basis, no fee to you if no recovery.