Wedbush Morgan Securities

Personalized Service to the Individual Investor
Wedbush Morgan Securities provides the individual investor a wide array of services and investment vehicles to deal with today's complex financial environment. From the parent planning for education expenses to the mature investor living on a fixed income, our clients receive the individualized attention of experienced investment executives. Our investment executives are dedicated to providing quality advice by evaluating a range of investment products which are best suited to your individual needs.

Customer Account Protection
Wedbush Morgan Securities Inc. ("Wedbush") is pleased to provide protection for each of its clients and for the clients of its correspondents. In the unlikely event that assets in client accounts are not fully recovered, each client is protected up to $25,500,000.**

Securities Investor Protection Corporation ("SIPC") provides protection up to $500,000, of which a maximum of $100,000 applies to cash credit balances.

In addition to the coverage provided by SIPC, Wedbush has 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.

The excess SIPC bond, together with SIPC coverage, provides protection for cash credit balances for each client to a maximum of $1,000,000.

Clients may purchase additional protection for their accounts by contacting their Investment Executive, who can provide information and pricing.

** This protection will replace clients' cash and/or securities that are otherwise unrecoverable. It does not cover clients from losses resulting from the decline in the market value of securities in their accounts.

Professional Trading and Processing
We pride ourselves on putting our clients' interests first at all times. This philosophy has and will continue to be a hallmark of our commitment to customer service. Wedbush Morgan is a member of the New York Stock Exchange and all other major exchanges. Our trading expertise gives us the ability to process stock and bond trades quickly and efficiently to secure the best available prices for our clients.

In addition, over 125 independent securities firms have chosen Wedbush Morgan to execute their securities transactions and other processing needs. Our sophisticated and efficient computer technology gives all of our clients dependable and reliable professional service.
 

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Penson Financial Services, Inc., headquartered in Dallas, Texas, has served the clearing needs of all types of broker/dealers since 1995. The firm is particularly well equipped to serve the needs of online direct access broker/dealers and day traders.

Penson Financial Services offers a powerful combination of technology and market expertise that results in timely executions for MB Trading and our clients.

Penson plays an important role as a clearing broker dealer, offering fully disclosed and omnibus clearing services to banks and broker dealers. They have direct relationships with Depository Trust Company (DTC) and National Securities Clearing Corporation (NSCC) in New York.

The firm currently accounts for 3-5% of total NASDAQ volume on a daily basis, and has processed as many as 780,000 transactions per day. Penson Worldwide Settlements and Penson Financial Services Canada serve the clearing needs of broker/dealers in Europe and Canada, respectively. It's team has been responsible for implementing leading edge technology solutions for institutional, proprietary, black box and retail trading that have been cited by national analysts as the paradigm of performance and integration for advanced securities trading platforms.

 

 

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