Wedbush Morgan Securities, Inc. (CRD #877, Los Angeles, California) received a censure and fine of $10,000. According to the findings, the firm failed to display immediately the customer limit orders in NASDAQ securities in its public quotation, when each such order was at a price that would have improved the firm's bid or offer in each such security. The firm accepted the fine and censure but did not admit or deny the accusations. (NASD Case #CMS020236)
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