Wedbush Failed To Prevent Manipulative Trades, FINRA Says

By Stephanie Russell-Kraft (August 18, 2014, 12:46 PM EDT) -- The Financial Industry Regulatory Authority on Monday opened a disciplinary proceeding against Wedbush Securities Inc., alleging the firm's lax internal controls and supervisory systems enabled its market access customers to flood the major equity exchanges with manipulative and illegal trading activity....

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