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Articles Posted in pump-and-dump fraud

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Wedbush Securities Faces Failure to Supervise Charges Over Broker’s Pump-And-Dump Scam

The US Securities and Exchange Commission has filed civil charges against Wedbush Securities Inc. The regulator is accusing the brokerage firm of not supervising registered representative Timary Delorme, 59, and disregarding warning signs that she was involved in a pump-and-dump fraud that targeted retail investors. Delorme has settled the SEC’s…

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