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FINRA BrokerCheck Hotline
The Financial Industry Regulatory Authority, Inc. offers investors information and education through the FINRA BrokerCheck Hotline at 800-289-9999 and FINRA website at www.finra.org. Available is an investor brochure that includes information describing FINRA BrokerCheck.
BUSINESS CONTINUITY PLAN
Wedbush Securities Inc. ("Wedbush") is committed to protecting the interests of correspondent broker-dealers and their clients in the event of a business disruption. The Business Continuity Plan summary below illustrates our efforts to reduce risks associated with business interruptions. We are confident in our preparedness and periodically test our plan to ensure premium responsiveness. Wedbush maintains and operates its own contingency facilities geographically located to diminish risks posed by local interruptions.
Wedbush has a long standing Business Continuity Plan that addresses all areas affected by a business interruption of any type; localized or widespread, short or long term. In the event of a disruption at a correspondent broker-dealer, direct viewing of customer accounts will continue to be available via ClientLink Internet services located at www.mysecuritiesaccount.com.
Should there be a disruption at our headquarters in Los Angeles, California, some daily functions may be temporarily disrupted. Each department has a business continuity plan, contact information, and relocation site to resume operations. The plan provides for critical functions to be recovered within the same day and all other functions recovered shortly thereafter. An operational disruption at the headquarters will not result in loss of information regarding your account, securities, or monies.
Account information and transaction history are stored in book-entry form at our data service providers. These facilities are remotely located from our headquarters in order to minimize the effect of any single disaster. They too have offsite redundancy of this information.
If you would like a copy of this Business Continuity Plan summary, you may contact your Investment Executive or go to www.mysecuritiesaccount.com. The plan is subject to change without notice. In the event that the Business Continuity Plan summary is modified, the updated document will be available at www.mysecuritiesaccount.com.
ORDER EXECUTION INFORMATION
Click here to view our quarterly reports on order routing of equity and option orders
IMPORTANT TAX REPORTING INFORMATION FOR 2017/2018
Click here for detailed information regarding delayed 1099 statements for RIC & REIT holders and cost basis tax reporting changes.
IMPORTANT TAX REPORTING INFORMATION FOR 2016/2017
Click here for detailed information regarding delayed 1099 statements for RIC & REIT holders and cost basis tax reporting changes.
IMPORTANT TAX REPORTING INFORMATION FOR 2015/2016
Click here for detailed information regarding delayed 1099 statements for RIC & REIT holders and cost basis tax reporting changes.
Click here to print the Amortization and Accretion Elections Letter of Authorization form.
IMPORTANT TAX REPORTING INFORMATION FOR 2014/2015
Click here for detailed information regarding delayed 1099 statements for RIC & REIT holders and cost basis tax reporting changes.
IMPORTANT TAX REPORTING INFORMATION FOR 2013/2014
Click here for detailed information regarding delayed 1099 statements for RIC & REIT holders and cost basis tax reporting changes.
IMPORTANT TAX REPORTING INFORMATION FOR 2012/2013
Click here for detailed information regarding delayed 1099 statements for RIC & REIT holders and cost basis tax reporting changes.
IMPORTANT TAX REPORTING INFORMATION FOR 2011/2012
Click here for detailed information regarding delayed 1099 statements for RIC & REIT holders and cost basis tax reporting changes for 2011/2012.
IMPORTANT TAX REPORTING INFORMATION FOR 2010/2011
Click here for detailed information regarding delayed 1099 statements for RIC & REIT holders and cost basis tax reporting changes for 2010 / 2011.
Characteristics & Risks of Standardized Options
EXCESS SIPC ACCOUNT COVERAGE TO $25,500,000
We are pleased to provide excess Securities Investor Protection Corporation ("SIPC") coverage for each client account carried by Wedbush Securities on behalf of correspondent broker/dealers. Each account is covered up to $25,500,000* at no charge.
SIPC provides coverage up to $500,000, of which a maximum of $250,000 applies to cash credit balances.
In addition to SIPC coverage, we have purchased from Lloyd's of London an excess SIPC bond that provides additional coverage for up to $25,000,000 in cash and securities for each client, subject to an aggregate loss limit of $100,000,000. This bond covers cash credit balances to a maximum of $900,000 for a total of $1,150,000 in cash balances.
For further information regard SIPC coverage, please contact SIPC at their website www.SIPC.org.
To download a PDF of this information, click here.
*This coverage will replace clients' cash and/or securities that are otherwise unrecoverable. The coverage does not safeguard against a decline or loss in market value of the securities in your account.
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