Wedbush has abandoned its appeal of a $1m fine that had been inflicted on it by regulatory authority FINRA. The firm was fined for failing to disclose the existence and nature of an alleged fraud in which it allegedly sold investments with false claims about their performance.
Wedbush has abandoned its appeal of a $1m fine that had been inflicted on it by regulatory authority FINRA. The fine, which was due to "egregious" and "willful" violations, was made more severe by Wedbush' "extensive disciplinary history", according to FINRA.