Wedbush Securities Inc.: $1.2M Penalties

Administrative Order by the U. S. Securities and Exchange Commission imposing penalties totaling $1.2 million on Wedbush Securities Inc. for the “unregistered offers and sales of large blocks of low-priced securities by an offshore customer”, namely Silverton SA, now known as Wintercap SA, described as “a purported Swiss asset manager”, and failure to file suspicious activity reports.

  • 15
    Unlicensed Activity
    December 15, 2021
    Wedbush Securities Inc.
    Securities and Exchange Commission