Wedbush fined.Wedbush Fined: The New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. filed disciplinary actions against Wedbush Morgan Morgan, American family of financiers and philanthropists. Junius Spencer Morgan, 1813–90, b. West Springfield, Mass., prospered at investment banking. Securities for allegedly failing to submit accurate trading data, making misstatements to regulators and refusing to cooperate with an investigation. The case arose as part of the stock exchange's action against 20 U.S. securities firms for problems in reporting "blue sheet" trading data. Ed Wedbush, founder and president of Wedbush Morgan Securities, said his company did nothing wrong and planned to contest the allegations. He said regulators refused to recognize an endemic endemic /en·dem·ic/ (en-dem´ik) present or usually prevalent in a population at all times. en·dem·ic adj. 1. technical problem in its data provider, Thomson BETA Systems, a unit of Thomson Financial Thomson Financial A major provider of information, analytical tools, and consulting services to the financial community. The firm, a division of Thomson Corporation, is best known to investors for its First Call segment, which publishes consensus earnings . |
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