Wedbush Securities has agreed to pay $350,000 to settle allegations related to a hacking incident that regulators say resulted in the theft of millions of dollars of client assets.
In early 2021, Wedbush approved four wire request transfers submitted by a hacker who had gained access to the email account of a registered representative at a firm with which Wedbush did business, according to a settlement letter published by brokerage industry self-regulator Finra.
Over…
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