Action against Respondent, a registered representative, in connection with an alleged pump-and-dump trading scheme.  According to the SEC, the scheme involved manipulative trading using the stocks of several microcap issuers.  The SEC alleges that Respondent bought these stocks for her customers’ accounts, received material benefits paid to her husband, and engaged in matched trading with another participant in the scheme.  Respondent has agreed to pay a civil penalty of $50,000 and to an industry and penny stock bar.

SEC Press Release

In re Wedbush Securities