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July 13, 2011
Wedbush ordered to pay $3.5M by FINRA for ‘morally reprehensible failure' to Pay Muni Trader Owed Years of Incentive Compensation

In a July, 2011, article by Liz Skinner for InvestmentNews.com, she writes that Wedbush Securities Inc. was ordered to pay a former municipal sales trader Stephen Kelleher $3.5 million for failing to give him years worth of incentive-based compensation he was owed. A three-person Financial Industry Regulatory Authority Inc. (FINRA) panel found the firm's “morally […]

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