Litigation
Nov. 22, 2014
Morgan Lewis helps Wedbush reach settlement with SEC
Wedbush has agreed to pay a $2.4 million penalty. The brokerage company, which was advised by Morgan Lewis attorney Joseph Floren, admitted to violating the market access rule.
Daily Journal Staff Writer
Wedbush Securities Inc. reached a settlement Thursday with the Securities and Exchange Commission, agreeing to pay a $2.44 million penalty for violating the market access rule.
The commission claimed the Los Angeles-based brokerage firm violated a rule limiting access to trading exchanges. The market access rule requires broker-dealers to control the risks presented to the market when they grant cu...
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