Wedbush, Officer Cited: Wedbush Morgan Securities in...

Wedbush, Officer Cited: Wedbush Morgan Securities in Los Angeles, and senior vice president Richard J. Prahler, were disciplined by the New York Stock Exchange for failing to meet financial and operational requirements. Prahler was censured and the firm was fined $50,000. Prahler declined comment. A Wedbush officer said “the items involved are old technical violations dating back from 1985, 1986 and 1987, which don’t impact our customers or any of our ongoing business operations. We vigorously contested the charges.”