February 24, 2017 2:22 AM ET

Capital Markets

Company Overview of Wedbush Securities Inc.

Company Overview

Wedbush Securities Inc. provides securities brokerage and investment banking services. The firm offers mergers and acquisitions, valuation, leveraged and management buyouts, private placements, initial and secondary public equity offerings, fairness opinions, and strategic partnerships advisory services. Additionally, it provides security brokerage, retirement planning, personal banking, securities lending, margin landing, cash management, equity research, and insurance services. It caters to consumer products, financial services, healthcare, and technology sectors. Wedbush Securities Inc. was formerly known as Wedbush Morgan Securities Inc. and changed its name in 2009. The firm was founded...

1000 Wilshire Boulevard

Suite 900

Los Angeles, CA 90017-2457

United States

Founded in 1955

Phone:

213-688-8000

Fax:

213-688-6646

Key Executives for Wedbush Securities Inc.

Founder, Chief Executive Officer and President
Age: 84
Chief Financial Officer and Executive Vice President of Treasury
Senior Vice President, Head of Operations and Middle Office Manager
Chief Administrative Officer and Executive Vice President
Age: 59
Senior Vice President and Head of Marketing
Compensation as of Fiscal Year 2016.

Wedbush Securities Inc. Key Developments

Wedbush Securities Names Arthur Bass as Managing Director, Fixed Income Financing, Futures, and Rates

Wedbush Securities announced the appointment of Arthur Bass as Managing Director, Fixed Income Financing, Futures, and Rates. In this role Arthur will focus on the further development of the Futures and Options, and fixed income businesses. Arthur is based in New York, NY and reports to Managing Director, Fixed Income Financing, Futures, and Rates, Scott Skyrm. Arthur joins Wedbush Securities from his Managing Director position with COEX Partners. Previously, for 18 years, he served as Managing Director and Co-Head of Financial Futures and Options in New York at Societe Generale/Newedge.

Financial Industry Regulatory Authority, Inc. Reports Disciplinary Action Taken against Wedbush Securities

Financial Industry Regulatory Authority, Inc. reported disciplinary actions taken against certain broker/dealers in December for violations of its rules and regulations. Wedbush Securities Inc. was fined $300,000 for failing to properly report 80 events, including customer complaints and settlements. FINRA said the company did not implement corrective measures to address the reporting failures. President Edward Wedbush was fined $50,000 and suspended from association in any principal capacity with a FINRA member for 31 days. The sanctions are not in effect as the matter has been appealed to the U.S. Court of Appeal for the Ninth Circuit.

Wedbush Securities Appoints Bob Fitzsimmons as Managing Director

Wedbush Securities announced the appointment of Bob Fitzsimmons as a Managing Director. In this capacity, Bob will oversee the business operations within the Futures Commission Merchant ("FCM"), with a focus on developing and defining the strategic direction for the Futures and Treasury division. Bob is based in the Chicago office and reports to Executive Vice President of Wedbush Securities, Rich Jablonski. Bob joins Wedbush Securities from Coveney Trading LLC.

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