Wedbush and Hilltop Clients Indicate That Broker Mark Augusta Committed Sales Practice Violations Soreide Law Group is investigating potential investor claims against broker Mark Fred Augusta [CRD#: 1333913, Del Mar, California]. Notably, Financial Industry Regulatory Authority (“FINRA”) BrokerCheck identifies 19 or more clients who seemingly experienced losses because of Augusta, who worked for Wedbush Securities […]

Douglas Walter Campbell Jr. (CRD #2462754, New Canaan, Connecticut) was fined $5,000 and it was deferred, and suspended by FINRA for 20 business days for allegedly engaging in unsuitable trading in a customer’s account by recommending purchases of speculative investments, which were not consistent with the customer’s investment objectives, resulting in an overconcentration in the […]

The Securities and Exchange Commission (SEC) recently penalized the Los Angeles-based Wedbush Securities and two of its top officials, for market access violations. Wedbush Securities was fined $2.44 million and agreed to retain an independent consultant. Jeffrey Bell, former VP, and Christina Fillhart, senior VP, agreed to pay more than $85,000 in penalties and interest, […]

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 […]