Soreide Law Group obtained the following information on FINRA’s Disciplinary Actions for January, 2016:
Wedbush Securities Inc. (CRD #877, Los Angeles, California)
was censured, fined $130,000, and required to remediate its supervisory violations.
Wedbush Securities Inc. allegedly created and produced to FINRA staff-falsified and misleading documents, in connection with the staff’s review of the firm’s reporting of municipal securities transactions.
FINRA’s findings stated that Wedbush Securities Inc. altered the Municipal Securities Rulemaking Board (MSRB) Report Cards by whiting-out date information and adding supervisory signatures that gave the false impression that the firm conducted and evidenced supervisory reviews of MSRB Report Cards, when in fact the firm had not conducted such supervisory reviews.
FINRA’s findings also stated that Wedbush Securities Inc. reported municipal securities transactions to the MSRB in an untimely manner, failed to conduct supervisory reviews of MSRB Report Cards, and failed to designate a registered principal with responsibility to conduct supervisory reviews of the firm’s reporting of municipal securities transactions.
(FINRA Case #2012032080301)
If you've experienced investment losses through the purchase of municipal securities transactions with Wedbush Securities Inc. or due to another broker or financial advisor's recommendations, call Soreide Law Group for a free consultation with an attorney on the possibility of recovering your losses at: 888-760-6552.
Soreide Law Group is investigating potential investor claims involving sales practice violations by securities brokers and financial advisors related specifically to Next Level Holdings LLC and its affiliated Yield Wealth investment products. These offerings—including Next Level Notes and Yield Term Deposits—were promoted as high-yield, income-generating investments with purported principal protection. However, significant adverse information has […]
Investors have reportedly disputed the sales practices of securities broker David Robert McCain [CRD: 2039283, Johnson City, Tennessee], given the disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. McCain worked for Woodbury Financial Services Inc. from September 4, 2009, to January 19, 2024, Osaic Wealth Inc. from January 19, 2024, to August 22, 2024, and […]
Investors apparently complained about securities broker Ian Christopher McElreath [CRD: 4754189, Atlanta, Georgia], according to publicly available information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. McElreath worked for Ameritas Investment Company LLC from November 26, 2019, to April 6, 2021; 20/20 Capital Management, Inc from January 17, 2020, to April 20, 2021; Emerson Equity […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com