Wedbush Securities Inc.

There are Recent Customer Complaints with Broker Joseph Whitney in Firm Wedbush Securities INC.

March 10, 2026 | by Staff Attorney

The law offices of Gana Weinstein LLP are currently investigating claims that Broker Joseph Whitney (Whitney) has been accused by investors of engaging in fraudulent misappropriation of their funds. According to records kept by The Financial Industry Regulatory Authority (FINRA), it appears that Whitney was employed by Wedbush Securities INC. at the time of the activity. If you have been a victim of Whitney’s alleged misconduct our firm may be able to assist you in recovering funds.

FINRA BrokerCheck shows a final customer complaint on January 30, 2021.

Whitney engaged in dishonest and unethical practices in the securities business by (1) violating UBS’ Reporting Client and Other Complaints policy and failing to timely report a complaint to UBS. (2) violating UBS’ Prohibition Against Selling Away policy and referring his customer to his wife, M-Whitney for a private real estate investment. (3)\<char_lb_r>\, violating UBS’ COI Policies by, among other things, failing to address the conflict of interest that arose through referring a customer to M-Whitney, and putting his own interest before his customer’s interests. (4) recommending CG take out the Securities Backed Loan without a reasonable basis that it was suitable.

Broker Chadwick Collins in Wedbush Securities INC. Firm Has Customer Complaint

November 30, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Chadwick Collins (Collins), currently associated with Wedbush Securities INC., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Collins recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $466,449.65 on April 13, 2022.

Client attorney alleges unsuitable purchase of Nabriva Therapeutics (NBRV) and Equilium, Inc (EQ) for [REDACTED] IRA and Nabriva Therapeutics for [REDACTED] IRA.

There are Recent Customer Complaints with Broker James Stephan in Firm Wedbush Securities INC.

November 9, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker James Stephan (Stephan), currently associated with Wedbush Securities INC., has at least one disclosable event. These events include one customer complaint, alleging that Stephan recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $874,000.00 on August 11, 2022.

Claimants’ allegations include Unsuitable Investment Recommendations, Breach of Fiduciary Duty and Negligent Misrepresentation on the part of James Stephan during the timeframe of June 2018 through March 2022.

There are Recent Customer Complaints with Broker Jonathan Malinger in Firm Wedbush Securities INC.

October 28, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jonathan Malinger (Malinger), currently associated with Wedbush Securities INC., has at least one disclosable event. These events include one customer complaint, alleging that Malinger recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on September 05, 2025.

Cal. Financial Elder Abuse in Violation of Welfare & Institutions Code \\u00a715600 et seq., breach of fiduciary duty, professional negligence, and violations of California Law and FINRA Rules and Regulations

Broker Jonathan Way in Wedbush Securities INC. Firm Has Customer Complaint

August 28, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jonathan Way (Way), previously associated with Wedbush Securities INC., has at least 2 disclosable events. These events include one customer complaint, one regulatory event, alleging that Way recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on June 29, 2023.

Without admitting or denying the findings, Way consented to the sanctions and to the entry of findings that he refused to provide documents and information requested FINRA in connection with an investigation. The findings stated that this matter originated from FINRA’s review of a Form U5 filed by Way’s member firm, that stated that he was permitted to resign while under internal review for potential sales practice violations. Way responded to FINRA’s initial request, however, he ultimately refused to produce the information and documents requested.

There are Recent Customer Complaints with Broker Robert Woods in Firm Wedbush Securities INC.

August 23, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Robert Woods (Woods), currently associated with Wedbush Securities INC., has at least one disclosable event. These events include one customer complaint, alleging that Woods recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $1,089,925.00 on June 27, 2025.

In the Statement of Claim, Claimant asserts the following causes of action: Breach of Fiduciary Duty, Unsuitable Investment Recommendations, Negligence, Failure to Supervise, Violations of Standards of Commercial Honor and Principles of Trade, Violations of Section 10(b) of the SEC Act of 1934 and Rule 10b-5, and Violations of SEC Regulation Best Interest (Reg BI) from Nov 2023- March 2024.

There are Recent Customer Complaints with Broker Calvin Heck in Firm Wedbush Securities INC.

August 5, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Calvin Heck (Heck), currently associated with Wedbush Securities INC., has at least one disclosable event. These events include one customer complaint, alleging that Heck recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on April 16, 2025.

Customer alleges FA misrepresented the tax consequences relating to a life insurance policy purchase in 1987.

There are Recent Customer Complaints with Broker Calvin Heck in Firm Wedbush Securities INC.

July 29, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Calvin Heck (Heck), currently associated with Wedbush Securities INC., has at least one disclosable event. These events include one customer complaint, alleging that Heck recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on April 16, 2025.

Customer alleges FA misrepresented the tax consequences relating to a life insurance policy purchase in 1987.

Broker Joel Farnsworth in Wedbush Securities INC. Firm Has Customer Complaint

July 16, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Joel Farnsworth (Farnsworth), currently associated with Wedbush Securities INC., has at least one disclosable event. These events include one customer complaint, alleging that Farnsworth recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $4,200,000.00 on July 21, 2023.

Negligence and Breach of Fiduciary Duty

There are Recent Customer Complaints with Broker Raymond Chow in Firm Wedbush Securities INC.

May 13, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Raymond Chow (Chow), currently associated with Wedbush Securities INC., has at least one disclosable event. These events include one customer complaint, alleging that Chow recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $489,825.00 on April 22, 2025.

Per a signed agreement, Client’s account has been managed by a 3rd Party Money Manager since 2017. Client’s specific complaint is @ hedging technique employed by manager initiated in November, 2023 and again in March, 2024. Final hedge position closed in November 2024.