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词条 Wedbush Securities
释义

  1. History

  2. Corporate divisions

  3. Legal disputes

  4. Awards

  5. References

  6. External links

{{Infobox company
| name = Wedbush Securities
| logo = Wedbush.Logo.png
| image = 1000 Wilshire.jpg
| image_caption = Headquarters at 1000 Wilshire Blvd, Los Angeles
| type = Private
| foundation = Los Angeles, California
(1955)
| founder = Edward W. Wedbush
| location = 1000 Wilshire Boulevard
Los Angeles, California
| key_people = {{Plainlist|
  • Co-Presidents:
  • Rich Jablonski
  • Gary L. Wedbush
  • EVPs:
  • Dan E. Billings
  • Bob Fitzsimmons
  • Donald W. Hultgren
  • Danny Nadalalicea
  • R. James Richards

}}
| industry = Financial Services
| products = Investment Banking
Fixed Income
Capital Markets
Equity Research
Correspondent Services
Wealth Management
Futures Commission Merchant (FCM)
Commodity Trading Advisor (CTA)
| homepage = {{url|wedbush.com}}
{{url|wedbushfutures.com}}
{{url|kluiscommodities.com}}
}}

Wedbush Securities Inc. is a privately held financial services and investment firm. based in Los Angeles.[1] Rich Jablonski and Gary Wedbush were appointed as Co-Presidents in May 2018.[2] The founder, Edward Wedbush, served as President for 63 years.

History

The firm was founded in 1955 by two high school friends, Edward W. Wedbush and Robert Werner, in Los Angeles, California. They each contributed $5,000 to capitalize their new company, Wedbush & Company.[3] The company was named after Wedbush because neither partner wanted a possible business failure named after them and Wedbush lost a coin toss.[4]

Wedbush opened its first office in 1957 located in the Crenshaw district of Los Angeles. Three years later, Robert Werner decided to sell his interest in the firm to Ed Wedbush.[5] In 1971, the firm became members of the New York Stock Exchange (NYSE), the Depository Trust & Clearing Corporation (DTCC), and the National Securities Clearing Corporation (NSCC). In 1972, the firm began offering correspondent clearing services, providing trade execution for other brokerage firms.[6] The firm also added an Investment Banking group in 1975.

Wedbush expanded their trading and research capabilities and added several retail brokerage offices.[7] In 2000, the firm launched BrokerInsight, a workstation for order entry, portfolio valuation, and account management and in 2006, the firm became the #1 Liquidity Provider on NASDAQ. In late 2009, the firm changed its name to Wedbush Securities Inc. from Wedbush Morgan Securities Inc.

On June 13, 2011, Wedbush Securities' parent company, Wedbush Inc. announced the acquisition of Lime brokerage, a provider of low-latency, high-throughput trading technologies and high-volume agency brokerage.[8]

Barron's released the research results conducted by Zacks Investment Research for top stock picking firms. Zack's scored Wedbush as the number one stock picking firm for three of their four survey periods. Barron's announced that, "Los Angeles-based Wedbush Securities surfed to top honors by wide margins over the 6, 12 and 36 months ended Dec. 31, 2011." [9]

In 2014, Wedbush launched Wedbush Futures, and became the first U.S. financial institution to accept Bitcoin. payments.[10] Wedbush Futures is one of the largest non-bank FCMs in the nation.[11] Wedbush also acquired First Capitol Ag, a full service brokerage specializing in agricultural hedging.[12]

In 2018, Wedbush acquired Kluis Commodity Advisors, which merged with First Capitol Ag[13], and sold Lime Brokerage.[14]

Corporate divisions

The firm is organized into four main divisions: Capital Markets, Wealth Management, Correspondent Services, and Futures.

Legal disputes

In 2011 it was ordered to pay a former bond trader $3.5 million in withheld compensation[15] for "morally reprehensible" conduct, and was ordered to pay an investor about $2.9 million after an arbitration panel decided that a customer's account had been "churned" and looted by a former Wedbush broker.[15]

On October 20, 2011 it was revealed that Wedbush securities is taking legal action against liquidnet inc for alleged violation of trade secrets.[16]

Awards

  • Barron's ranked Wedbush Securities as the number 1 stock picking firm in 2011.[9]
  • Wall Street Journal’s Best on the Street 2011 ranked Wedbush analysts #3 in Alternative Energy, Household & Personal Products and #5 in Aerospace & Defense.[17]
  • In 2010, The Financial Times and Starmine ranked Wedbush analysts #1 top earnings estimators in Biotechnology and Diversified Consumer Services and #3 in Communication Equipment.[18]
  • Forbes ranked Wedbush analysts #1 in Computer Software & Services, #3 in Semiconductors, Apparel and Soap & Cosmetics in 2010.[19]
  • Wedbush was named Barron’s best Wall Street Performer for First Half of 2010 and all of 2010.[20]
  • Wedbush was picked as the Top Stock Picking Firm for the first half of 2009.[21]

References

1. ^{{cite web|url=http://www.wedbush.com/aboutus/ourfirm|title=Our Firm - Wedbush|website=www.wedbush.com}}
2. ^{{cite web|url=http://www.wedbush.com/node/3694|title=PRESS RELEASE: Wedbush Securities Appoints Rich Jablonski and Gary Wedbush Co-Presidents - Wedbush|website=www.wedbush.com}}
3. ^"After More Than 50 Years in the Securities Business, RSF Resident Still Dedicated to the Work He Loves." Rancho Santa Fe Review, February 19, 2009, p. 8
4. ^{{cite news|last=Hamilton|first=Walter|title=Edward Wedbush's roof leaks, but his wallet doesn't|url=http://articles.latimes.com/2010/nov/16/business/la-fi-wedbush-20101116|accessdate=25 October 2011|newspaper=LA Times}}
5. ^"After More Than 50 Years in the Securities Business, RSF Resident Still Dedicated to the Work He Loves." Rancho Santa Fe Review, February 19, 2009, p. 8.
6. ^"He’s Still Smiling." Eugene Register-Guard, May 22, 1974, p. 2C.
7. ^"Morgan Olmstead, Wedbush Call It a Definitive Deal." Los Angeles Times, September 22, 1988.
8. ^“Wedbush Buys Lime Brokerage to Help Meet New Market-Access Rules” (SF Chronicle webpage link) < {{dead link|date=November 2011}}> SF Gate, June 13, 2011
9. ^"Focus Lists Were Out of Focus in 2011's Turmoil" http://online.barrons.com/article/SB50001424052748703964504577193133014270486.html?mod=BOL_hpp_mag#articleTabs_article%3D1
10. ^{{cite web|url=https://bitcoin.wedbushfutures.com//|title=Bitcoin Futures Trading - Wedbush Futures|website=Wedbush Futures}}
11. ^{{cite web|url=https://www.wedbushfutures.com/|title=Wedbush Futures|website=Wedbush Futures}}
12. ^{{cite web|url=http://www.marketswiki.com/wiki/First_Capitol_Ag|title=First Capitol Ag - MarketsWiki, A Commonwealth of Market Knowledge|website=www.marketswiki.com}}
13. ^{{cite web|url=https://www.kluiscommodities.com/|title=Kluis Commodity Advisors - Kluis Commodity Advisors|website=Kluis Commodity Advisors}}
14. ^{{cite web|url=http://www.limebrokerage.com/contact|title=Lime Brokerage - Contact|website=Lime Brokerage}}
15. ^{{cite web|last=Hamilton |first=Walter |url=http://www.latimes.com/business/la-fi-wedbush-20110831,0,53821.story |title=Wedbush, Debbie Saleh: Wedbush and ex-broker ordered to pay investor $2.9 million |publisher=latimes.com |date= |accessdate=2011-09-01}}
16. ^{{cite news|last=Stempel|first=Jonathan|title=Liquidnet sued by Wedbush over trade secrets|url=https://www.reuters.com/article/2011/10/20/us-liquidnet-wedbush-idUSTRE79J6Q920111020|accessdate=24 October 2011|newspaper=Reuters}}
17. ^“The Master Stock Pickers” Wall Street Journal, May 9, 2011. Retrieved June 13, 2011
18. ^{{cite web|url=https://web.archive.org/web/20110725062547/http://excellence.thomsonreuters.com/awards/starmine/analyst-awards/2010/united-states|title=Thomson Reuters - StarMine Analyst Awards|date=25 July 2011|publisher=}}
19. ^{{cite web|url=https://www.forbes.com/lists/2010/25/blue-chip-analysts-10_The-Best-Brokerage-Analysts_Comp_Name_9.html |title=The Best Brokerage Analysts Page 9 of 9 |publisher=Forbes.com |date= |accessdate=2011-11-17}}
20. ^“Market Beaters” Barron’s, June 12, 2011. Retrieved July 13, 2011.
21. ^{{cite web|last=Racanelli |first=Vito J. |url=http://online.barrons.com/article/SB125090052305150795.html#articleTabs_panel_article%3D1 |title=The Bull Resurfaces Just in Time - Barrons.com |publisher=Online.barrons.com |date=2009-08-24 |accessdate=2011-11-17}}

External links

  • Wedbush Securities official website
{{coord missing|Los Angeles County, California}}

5 : Financial services companies established in 1955|Investment banks|Brokerage firms|Companies based in Los Angeles|1955 establishments in California

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