{"id":1552,"date":"2014-11-22T20:19:34","date_gmt":"2014-11-22T20:19:34","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2014\/11\/sec_enforcement_wedbush_settle"},"modified":"2022-03-11T13:34:09","modified_gmt":"2022-03-11T19:34:09","slug":"sec-enforcement-wedbush-settle","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/sec-enforcement-wedbush-settle\/","title":{"rendered":"SEC Enforcement:  Wedbush Settles SEC Probe for $2.4M, High-Frequency Trading Firm Gets $16M Penalty, and the Regulator Suspends Companies Touting Ebola Treatment"},"content":{"rendered":"<p>\t\t\t\t<strong>Wedbush Settles Market Access Violation Case for $2.44M<\/strong><\/p>\n<p>Wedbush Securities has agreed to settle a market access violations case with the U.S. Securities and Exchange Commission by admitting to wrongdoing and paying $2.44 million. The brokerage firm has also agreed to hire an independent consultant.<\/p>\n<p>According to the SEC order, Wedbush violated the market access rule because it didn&#8217;t have the proper risk controls in place before giving customers access to the market. Among the customers that were given this access were thousands of anonymous overseas traders. <\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/sec-enforcement-wedbush-settle\/\"  title=\"Continue Reading SEC Enforcement:  Wedbush Settles SEC Probe for $2.4M, High-Frequency Trading Firm Gets $16M Penalty, and the Regulator Suspends Companies Touting Ebola Treatment\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Wedbush Settles Market Access Violation Case for $2.44M Wedbush Securities has agreed to settle a market access violations case with the U.S. Securities and Exchange Commission by admitting to wrongdoing and paying $2.44 million. The brokerage firm has also agreed to hire an independent consultant. According to the SEC order, Wedbush violated the market access [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3752,3760,3985],"tags":[3457,2598],"class_list":["post-1552","post","type-post","status-publish","format-standard","hentry","category-financial-firms","category-sec-enforcement","category-wedbush-securities","tag-ebola","tag-high-frequency-trading"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SEC Enforcement: Wedbush Settles SEC Probe for $2.4M, High-Frequency Trading Firm Gets $16M Penalty, and the Regulator Suspends Companies Touting Ebola Treatment &#8212; Investor Lawyers Blog &#8212; November 22, 2014<\/title>\n<meta name=\"description\" content=\"Wedbush Settles Market Access Violation Case for $2.44M Wedbush Securities has agreed to settle a market access violations case with the U.S. Securities &#8212; November 22, 2014\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/sec-enforcement-wedbush-settle\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"SEC Enforcement: Wedbush Settles SEC Probe for $2.4M, High-Frequency Trading Firm Gets $16M Penalty, and the Regulator Suspends Companies Touting Ebola Treatment &#8212; Investor Lawyers Blog &#8212; November 22, 2014\" \/>\n<meta name=\"twitter:description\" content=\"Wedbush Settles Market Access Violation Case for $2.44M Wedbush Securities has agreed to settle a market access violations case with the U.S. Securities &#8212; November 22, 2014\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"SEC Enforcement: Wedbush Settles SEC Probe for $2.4M, High-Frequency Trading Firm Gets $16M Penalty, and the Regulator Suspends Companies Touting Ebola Treatment &#8212; 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