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Written by 2:05 pm Blog, Securities Fraud Articles

FINRA Panel Rules Against Wedbush Morgan Securities

According to multiple media outlets, a FINRA arbitration panel recently ruled against Wedbush Morgan Securities and their former Advisor Debbie Michelle Saleh. Between Wedbush Morgan Securities and Debbie Michelle Saleh, they were ordered to pay more than $2.5 million in total.

The case involved the handling of an account of an elderly client. Advisorone.com cited the panel’s decision when it described that Saleh’s actions “included ‘forging the client’s signature on various documents, making gross misrepresentations about the securities in the client’s account and the value of those securities, providing the client with false monthly account statements and executing unauthorized redemptions and/or partial withdrawals in the client’s annuities in violation of her fiduciary duties.”

According to her FINRA broker report (CRD), Debbie Michelle Saleh was employed at Wedbush Securities at the time this case was filed.  She was previously employed with Wells Fargo Advisors/Wachovia.

If you have questions about investments you made with Debbie Michelle Saleh while she was employed at Wedbush Morgan Securities, please call The White Law Group’s Chicago office at 312/238-9650 for a free consultation.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Boca Raton, Florida.

For more information on The White Law Group, please visit our website at http://www.whitesecuritieslaw.com.

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