Wedbush Settles In Civil Securities Case — Investor Lawyers Blog

根据US Securities and Exchange Commission（SEC），Wedbush证券bob200体育已解决指控，指控经纪公司failing to superviseone of its former registered representatives, Timary Delorme, who is accused of engaging in a pump-and-dump fraud that harmed retail investors. As part of the settlement, Wedbush consented to a censure and will pay a $250K penalty.

SEC提出了这一民事securities caseagainst Wedbush a year ago, accusing the broker-dealer of not properly investigating red flags indicating that Delorme might have been defrauding investors. The former Wedbush broker is accused of, from 2008 to 2014, receiving payments, which were issued to her husband, in exchange for recommending to investors that they make certain trades that were then used in the pump-and-dump fraud.

The regulator said that Wedbush even disregarded an email from a customer reporting the fraud, as well as a number of Financial Industry Regulatory Authority (FINRA) arbitrations claims and inquiries over Delorme’s trading activities involving penny stocks. Instead, contends the Commission, Wedbush performed two inadequate probes into the allegations against its former broker but didn’t take proper action.

Delorme worked at Wedbush for over 40 years. In the SEC’sinvestor fraud caseagainst her, she settled without denying or admitting to the findings and was ordered to pay a $50K penalty. Industry and penny stock bars were imposed against her. Meantime, her alleged co-conspirator, Izak Zirk Engelbrecht, pleaded guilty to securities fraud related to the pump-and-dump scam and was sentenced to 12 years in prison.

Pump-and-Dump

在泵送欺诈中，涉及人为夸大股票价格的人。一旦以较高的价格出售这些股票，骗子然后出售他们所持有的股票，导致股票的价格下跌，而新投资者则亏损了投资。通常，较小的股票在这种类型的欺诈中是针对性的，因为它们易于操纵。

SEC官员指出了对Wedbush的过去指控，去年将该公司称为“累犯”经纪公司 - “累犯”一词暗示经纪人被认为是屡犯者。美国证券交易委员会（SEC）在2018年3月对Wedbush涉及Delorme的案件已经是当年对该公司提出的第二起。较早的案件导致经纪交易商同意支付100万美元的罚款和约25万美元的言论，以及前裁决的利息，以违反客户保护规则。

The regulator said that in the case of Delorme, Wedbush not only failed to reasonably supervise its former broker, but also it lacked the reasonable policies and systems that would have allowed the firm and its supervisors to properly oversee her.

If you were represented by a Wedbush broker and believe your losses may be due broker fraud and/or the inadequate supervision by the brokerage firm, contactShepherd Smith Edward, LLP (SSEK Law Firm)today. We represent retail investors, high net worth individual investors, and institutional investors in helping them to recover their losses caused by经纪公司的疏忽, broker fraud, and other kinds of securities fraud.