It has abandoned its appeal of a $ 1 million fine that had been inflicted on it by regulatory authority FINRA . In march FINRA and Nasdaq issued a joint censure and $675,000 fine to Wedbush for "chronic" supervisory violations with regard to its handling of a client's redemption activity and trading of leveraged ETFs. The fine , which was due to " egregious " and " willful " conduct , was made more severe by Wedbush ' " extensive disciplinary process " , according to prosecutors .
It has abandoned its appeal of a $ 1 million fine that had been inflicted on it by regulatory authority FINRA . The fine , which was due to " egregious " and " willful " conduct , was made more severe by Wedbush ' " extensive disciplinary process " , according to prosecutors .