services founded los angeles california 1955 founder edward w. wedbush robert werner headquarters 1000 wilshire boulevard los angeles california key people edward w. wedbush president gary l. wedbush evp head of capital markets and clearing r. james richards evp mergers & acquisitions rich jablonski evp head of treasury products financial services investment banking fixed income equity research correspondent clearing retail brokerage wealth management website www.wedbush.com wedbush securities inc. is a privately held financial services and investment firm that provides private and institutional brokerage investment banking equity research fixed income public finance correspondent clearing and asset management to individual institutional and issuing clients . wedbush securities was founded in 1955 and is headquartered at 1000 wilshire boulevard los angeles california . the firm has over 100 offices over 125 correspondent offices and close to 1 000 employees nationwide . contents 1 history 2 corporate divisions 2.1 capital markets group 2.2 clearing and technology group 2.3 private client services group 3 legal disputes 4 recent awards 5 references 6 external links history edit the firm was founded in 1955 by two high school friends edward w. wedbush and robert werner in los angeles california . they each contributed 5 000 to capitalize their new company wedbush & company . 1 the company was named after wedbush because neither partner wanted a possible business failure named after them and wedbush lost a coin toss . 2 wedbush opened its first office in 1957 located in the crenshaw district of los angeles . three years later robert werner decided to sell his interest in the firm to ed wedbush . 3 in 1971 the firm became members of the new york stock exchange nyse the depository trust & clearing corporation dtcc and the national securities clearing corporation nscc . in 1972 the firm began offering correspondent clearing services providing trade execution for other brokerage firms . 4 the firm also added an investment banking group in 1975 . headquarters building at 1000 wilshire los angeles wedbush expanded their trading and research capabilities and added several retail brokerage offices . 5 in 2000 the firm launched brokerinsight a workstation for order entry portfolio valuation and account management and in 2006 the firm became the 1 liquidity provider on nasdaq . in late 2009 the firm changed its name to wedbush securities inc. from wedbush morgan securities inc. on june 13 2011 wedbush securities parent company wedbush inc. announced the acquisition of lime brokerage a provider of low latency high throughput trading technologies and high volume agency brokerage . 6 barron s released the research results conducted by zacks investment research for top stock picking firms . zack s scored wedbush as the number one stock picking firm for three of their four survey periods . barron s announced that los angeles based wedbush securities surfed to top honors by wide margins over the six 12 and 36 months ended dec. 31 2011 . 7 corporate divisions edit the firm is organized into three main divisions capital markets clearing and technology and private client services . capital markets group edit wedbush securities research platform consists of over 25 analysts coverage of more than 300 stocks a consumer channel checking team and wedbush decision metrics primary survey based research . the equity research team provides insights into emerging investment opportunities within sectors such as consumer products and services new media and entertainment clean technology and industrial growth and life sciences . the wedbush securities equity sales and trading group delivers information flow and investment ideas as well as best execution services to small mid and large cap clients . the group covers more than 1 100 u.s. and european institutions through their los angeles new york boston san francisco seattle dallas and minneapolis offices and are market makers in over 700 nasdaq stocks . 8 the investment banking group provides clients with financing and advisory services while the fixed income group provides investment solutions and financing assistance to private client institutional municipal and corporate clients . clearing and technology group edit the clearing and technology group provides clearing and prime brokerage services for retail broker dealers institutional firms black box trading firms professional trading firms hedge funds investment banks and municipal bond underwriters for a range of services such as prime brokerage and high frequency trading . private client services group edit the private client services group provides brokerage advisory products and services to private and institutional clients including wealth management retirement planning investment management and financial planing . legal disputes edit in 2011 it was ordered to pay a former bond trader 3.5 million in withheld compensation 9 for morally reprehensible conduct and was ordered to pay an investor about 2.9 million after an arbitration panel decided that a customer s account had been churned and looted by a former wedbush broker . 9 on october 20 2011 it was revealed that wedbush securities is taking legal action against liquidnet inc for alleged violation of trade secrets . 10 recent awards edit barron s ranks wedbush securities as the number 1 stock picking firm in 2011 7 wall street journal s best on the street 2011 ranked wedbush analysts 3 in alternative energy household & personal products and 5 in aerospace & defense . 11 in 2010 the financial times and starmine ranked wedbush analysts 1 top earnings estimators in biotechnology and diversified consumer services and 3 in communication equipment . 12 forbes ranked wedbush analysts 1 in computer software & services 3 in semiconductors apparel and soap & cosmetics in 2010 . 13 wedbush was named barron s best wall street performer for first half of 2010 and all of 2010 . 14 wedbush was picked as the top stock picking firm for the first half of 2009 . 15 references edit after more than 50 years in the securities business rsf resident still dedicated to the work he loves . rancho santa fe review february 19 2009 p. 8 hamilton walter . edward wedbush s roof leaks but his wallet doesn t . la times . retrieved 25 october 2011 . after more than 50 years in the securities business rsf resident still dedicated to the work he loves . rancho santa fe review february 19 2009 p. 8 . he s still smiling . eugene register guard may 22 1974 p. 2c . morgan olmstead wedbush call it a definitive deal . los angeles times september 22 1988 . wedbush buys lime brokerage to help meet new market access rules sf chronicle webpage link 1 dead link sf gate june 13 2011 a b focus lists were out of focus in 2011 s turmoil http online.barrons.com article sb50001424052748703964504577193133014270486.html mod bol hpp mag articletabs article % 3d1 wedbush sales & trading . http www.wedbush.com services cmg equities division sales trading a b hamilton walter . wedbush debbie saleh wedbush and ex broker ordered to pay investor 2.9 million . latimes.com . retrieved 2011 09 01 . stempel jonathan . liquidnet sued by wedbush over trade secrets . reuters . retrieved 24 october 2011 . the master stock pickers http www.wsj.com documents graphics documents bestonthestreet2011 best on the street 2011.html mg com wsj industry alternativeenergy wall street journal may 9 2011 . retrieved june 13 2011 thomson reuters starmine analyst awards the best brokerage analysts page 9 of 9 . forbes.com . retrieved 2011 11 17 . market beaters http online.barrons.com article sb50001424052970204177904576110092321663486.html articletabs panel article % 3d1 barron s june 12 2011 . retrieved july 13 2011 . racanelli vito j. 2009 08 24 . the bull resurfaces just in time barrons.com . online.barrons.com . retrieved 2011 11 17 . external links edit wedbush securities official website 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