SEC
Whistleblower
Attorneys

June 18, 2019

Wedbush Securities, Inc.

Trading and Pricing

SANCTION AMOUNT: $8109249

Defendants: Wedbush Securities, Inc.

The Commission found that Respondent improperly obtained pre-released ADRs from depositary banks when it should have known that neither the firm nor its customers owned the foreign shares needed to support them. This led to inappropriate short selling and dividend arbitrage.

Thank you for submitting some email to us.