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Wedbush Securities Review
Wedbush Securities is a Los Angeles broker dealer founded in 1955. FINRA has fined it several times in recent years for supervision and disclosure failures.
Min Deposit
N/A
Spreads From
Not published
Max Leverage
Not applicable, not a forex or CFD broker
Platforms
N/A
Pros
- A full service broker dealer operating continuously since 1955
- Member of SIPC, which protects customer securities up to set limits
- Registered with both the SEC and FINRA under CRD number 877
- Serves institutions, advisors, and individual investors in one firm
Cons
- FINRA fined it 350,000 dollars in 2023 over a hacked wire transfer
- FINRA fined it 425,000 dollars in 2024 for years of bad reporting
- No public minimum deposit, spread, or leverage figures are listed
- Also fined 150,000 dollars for margin security and markup failures
Edward Wedbush and Robert Werner founded Wedbush Securities in 1955 in Los Angeles. It grew into a full service broker dealer and investment bank, covering equities, fixed income, options, and investment banking. It is best known publicly for its technology sector research team.
Wedbush serves institutions, corporations, and also individual investors through brokerage and advisory accounts. It does not publish a minimum deposit, spread, or leverage figure, since pricing depends on the account type and advisor relationship. It is not a retail forex or CFD broker.
Wedbush Securities Inc, FINRA CRD number 877, is registered with the SEC and FINRA and is a member of SIPC. FINRA has fined the firm several times in recent years, including 350,000 dollars in 2023 after it approved fraudulent wire transfers from a hacker, and 425,000 dollars in 2024 for years of inaccurate financial reports.
Max Leverage
Not applicable, not a forex or CFD broker
Spreads From
Not published
Regulators
- FINRA
- SEC (USA)
- SIPC
