Tag: Section 5

SEC
Brokers Enforcement

Wedbush Securities Charged with Unregistered Sales of Microcap Securities and Failing to Report Suspicious Transactions

The Securities and Exchange Commission announced today that Wedbush Securities Inc., a California-based broker-dealer, has agreed to pay more than $1.2 million to settle charges arising from the unlawful unregistered distribution of nearly 100 million shares of more than 50 different low-priced microcap companies, and from Wedbush’s failure to file […]