Wedbush Securities Inc.: $1.2M Penalties

Administrative Order by the U. S. Securities and Exchange Commission imposing penalties totaling $1.2 million on Wedbush Securities Inc. for the “unregistered offers and sales of large blocks of low-priced securities by an offshore customer”, namely Silverton SA, now known as Wintercap SA, described as “a purported Swiss asset manager”, and failure to file suspicious activity reports.

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Pages: 15

Topic: Investment, Regulatory

Allegation: Unlicensed/Unregistered

Date: December 15, 2021

Defendant(s)/Respondent(s): Wedbush Securities Inc.

Plaintiff(s)/Applicant(s): Securities and Exchange Commission

Topics

Keywords

Silverton SA Wedbush Securities Wintercap

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