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Wedbush Hit With Suit Alleging 'Naked' Shorts Scheme

By Kurt Orzeck (September 26, 2014, 5:05 PM EDT) -- Wedbush Securities was hit on Thursday in California state court with a securities suit alleging that the firm, which the U.S. Securities and Exchange Commission recently accused of breaking its market access rule, executed "naked" short sales of Life Partners Holdings Inc. stock....

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