Wedbush Securities Founder Steps Down, Appoints New Co-Presidents
Wedbush Securities, a financial services and investment banking firm headquartered in Los Angeles, California, has appointed new co-presidents of the firm.
Wedbush Securities, a financial services and investment banking firm headquartered in Los Angeles, California, has appointed Rich Jablonski and Gary Wedbush as co-presidents of the firm, together responsible for all aspects of Wedbush Securities’ management and the strategic direction, development, and growth of all client services.
Previous to their new roles, Rich Jablonski was executive vice president, chief operating officer, and head of futures, securities finance and rates, and prime brokerage; and Gary Wedbush was executive vice president and head of capital markets and correspondent services. Both serve on the firm’s management and executive committees.
Edward “Ed” Wedbush founded the firm in 1955 and served as its president for six decades.
“I have given much serious thought about this very important and natural advancement for Wedbush Securities, for my own career, and for the many valued services for which our clients depend on our company,” said Ed Wedbush. “I’m confident that Gary and Rich are ready and able to take on this tremendous challenge and responsibility. I will remain available to them as a mentor to ensure a successful and stable transition.”
Earlier this year, FINRA fined Wedbush Securities Inc. $1.5 million for violating the Securities and Exchange Commission’s customer protection and net capital rules, and for related supervisory and books and records failures.
Headquartered in Los Angeles, California, Wedbush offers a range of securities brokerage, wealth management, and investment banking services.
