Talk:Wedbush Securities/Archives/2012

Latest comment: 12 years ago by TheCbK in topic Added Awards


This page reads like a marketing handout. I posted on WP:VP about policy anyway. History2007 (talk) 08:12, 1 September 2011 (UTC)

I'll do a little, per discussion at VP. North8000 (talk) 12:10, 1 September 2011 (UTC)
I did a little, but it's still really bad. North8000 (talk) 12:17, 1 September 2011 (UTC)
I agree, and there seems to be a general issue here that the advertising cost on Wikipedia is really attractive. Policies need to tighten up somehow. History2007 (talk) 12:36, 1 September 2011 (UTC)
Yes, this reads atrociously like a blatant free advert. I believe it needs perspective, and suggest the current text is replaced by the following:

Wedbush Securities Inc. is a privately-held financial services and investment firm in Los Angeles, California that in 2011 was ordered to pay a former bond trader $3.5 million in withheld compensation[1] for "morally reprehensible" conduct, and along with a former broker was ordered to pay an investor about $2.9 million after an arbitration panel decided that a customer's account had been "churned" and looted by the Wedbush broker.[1]

The firm was founded as Wedbush & Company in 1955 by Edward W. Wedbush and Robert Werner and opened its first office in 1957 in the Crenshaw district of Los Angeles. Three years later, Werner sold his interest in the firm to Wedbush.[2] The firm focused on retail securities sales but in 1969 expanded into wholesale and added a Pacific exchange specialist operation, a Honolulu sales office, and an institutional sales office.[3] In 1988, Wedbush expanded their trading and research capabilities and added several retail brokerage offices.[4] In late 2009, the firm changed its name to Wedbush Securities Inc.[5] WEDBUSH, Inc. is the holding company of Wedbush Securities and all affiliate companies.

References
  1. ^ a b Hamilton, Walter. "Wedbush, Debbie Saleh: Wedbush and ex-broker ordered to pay investor $2.9 million". latimes.com. Retrieved 2011-09-01.
  2. ^ "After More Thank 50 Years in the Securities Business, RSF Resident Still Dedicated to the Work He Loves." Rancho Santa Fe Review, February 19, 2009, p. 8.
  3. ^ "Merger Completed." Los Angeles Times, December 30, 1969, p. D11.
  4. ^ "Morgan Olmstead, Wedbush Call It a Definitive Deal." Los Angeles Times, September 22, 1988.
  5. ^ “Wedbush Buys Lime Brokerage to Help Meet New Market-Access Rules” SF Chronicle SF Gate, June 13, 2011

Comments? Moriori (talk) 23:33, 1 September 2011 (UTC)

Looks much better now. I support it. History2007 (talk) 01:01, 2 September 2011 (UTC)
Maybe the pendulum swung a bit the other way with that first paragraph, but overall an improvement. North8000 (talk) 01:54, 2 September 2011 (UTC)
Also agreed. I've made the change, though I tweaked the first paragraph slightly to avoid it being a run on sentence and to try to consolidate it slightly. Cheers. lifebaka++ 03:02, 2 September 2011 (UTC)
Thanks. Now if everyone agrees the advert tag can come off I guess. History2007 (talk) 07:09, 2 September 2011 (UTC)

I would like to apologize for going about this the wrong way. I didn't mean for it to sound like an advert.

I'd like for the page to be historically accurate and be an encyclopedic account of Wedbush Securities Inc.

I will follow up with a few suggestions for your approval. Thanks guys. I want to work with you, you lot are the experts.

My Updates

I would like to apologize for going about this the wrong way. I didn't mean for it to sound like an advert.

I'd like for the page to be historically accurate and be an encyclopedic account of Wedbush Securities Inc.

I will follow up with a few suggestions for your approval. Thanks guys. I want to work with you, you lot are the experts. ZigglerD (talk) 18:17, 23 September 2011 (UTC)

Not Informative

The way the page reads currently is: Wedbush was a financial firm created in 1955 and in 2011 they had a lawsuit and are horrible people.

I'd love to see this page look more like: http://en.wikipedia.org/wiki/Morgan_Stanley. No bias. No motives. Just historical facts.

Help?

ZigglerD (talk) 16:00, 26 September 2011 (UTC)

That's simply the lede - which contains the most important facts as determined over time by reliable sources. Feel free to expand the rest according to reliable sources. At the moment, the lawsuit seems one of the more notable things about the company so that should stay in the lede. The Morgan Stanley article has similar material - such as The company found itself in the midst of a management crisis in the late 1990s[5] that resulted in a loss of a number of the firm's staff[6] and ultimately saw the firing of its then CEO Philip Purcell in 2005.

Actually thinking about it, the lawsuit should have it's own section in the main body as well, if I have the time I'll start to develop it tomorrow.

--Cameron Scott (talk) 17:30, 26 September 2011 (UTC)


Definitely. The lawsuit to me should be in its own section. Perhaps labeled Controversies and Lawsuits. However, being in the lede doesn't make so much sense still. Perhaps mentioning the company has come under scrutiny, but not the way its listed. For instance Wedbush purchased Lime Brokerage, which was a big deal in the financial industry but that isn't in the lede. I'll see about adding some more history and moving things around later this week. — Preceding unsigned comment added by ZigglerD (talkcontribs) 21:24, 28 September 2011 (UTC)

History Section

Added a few facts with sources to the history section. Will try to add more later. I think this page needs work, but it will definitely be a slow (proper) build. Might add more later today if I have the time. ZigglerD (talk) 17:28, 4 October 2011 (UTC)

Corporate Division

I was going through previous versions and edited the corporate divisions section. Adding this to the page would show people researching this company what the company does without holding any type of position. (positive or negative) I may have missed something that should be taken out, let me know. I'm new at this editor thing. If no one objects I'll post it to the article in a few days, or whenever I come back to check this place out. ZigglerD (talk) 16:23, 11 October 2011 (UTC)

Corporate Divisions

The firm is primarily organized into three main divisions: Capital Markets, Clearing and Technology and Private Client Services.

Capital Markets Group

Research
Wedbush Securities’ Research platform consists of over 25 analysts, coverage of more than 300 stocks, a consumer channel checking team and Wedbush Decision Metrics (primary, survey-based research). The Equity Research team provides insights into emerging investment opportunities within the following sectors:

  • Consumer Products & Services
  • Technology
  • New Media & Entertainment
  • Clean Technology & Industrial Growth
  • Life Sciences

Equity Sales & Trading
The Wedbush Securities Equity Sales & Trading Group delivers information flow and investment ideas as well as best execution services to small, mid and large cap clients. The group covers more than 1,100 U.S. and European institutions through their Los Angeles, New York, Boston, San Francisco, Seattle, Dallas and Minneapolis offices and are market makers in over 700 NASDAQ stocks.[1]

Investment Banking
The Wedbush Securities Investment Banking Group provides clients with a full spectrum of financing and advisory services to achieve managements’ objectives throughout the entire business lifecycle.

Fixed Income
Wedbush Securities’ Fixed Income Group provides investment solutions and financing assistance to private client, institutional, municipal and corporate clients.

ZigglerD (talk) 16:24, 11 October 2011 (UTC)

Clearing and Technology Group

The Wedbush Securities Clearing & Technology Group provides clearing and prime brokerage services for retail broker dealers, institutional firms, black box trading firms, professional trading firms, hedge funds, investment banks, and municipal bond underwriters.

In 2006, the firm ranked as the #1 Liquidity Provider on NASDAQ and still maintains a top position.[2]


ZigglerD (talk) 16:24, 11 October 2011 (UTC)

Private Client Services Group

The Wedbush Securities Private Client Services Group provides brokerage and advisory products and services to private and institutional clients of any size or type, including:


ZigglerD (talk) 16:24, 11 October 2011 (UTC)

Stating My Case - Please R&R

The way the article reads currently, it states in the lede that Wedbush Securities is a financial firm founded in 1955, it gives the location, and then lists a recent lawsuit. Lawsuits in the financial industry are commonplace. Much like many other financial firm pages there are lawsuits listed. Usually, in their own section. Recently, someone added that Wedbush is suing Liquidnet for alleged violation of trade secrets. This is the most recent news in the company, yet it goes in the history section and not the lede? I propose that the lawsuit mentioned in the lede be moved to History with all other recent news about takeovers, mergers or other lawsuits.

This page should be neutral but to go from the company was created to "morally reprehensible" is not neutral. Don't delete it, because this happened, but let's move it to where it makes the most sense and is most neutral.

The manual of style outlines an internal consistency which refers to not only formatting but also a promotion of clarity and cohesion. Once again, not trying to promote. TheCbK (talk) 21:41, 25 October 2011 (UTC)

I support such improvement, per WP:LEAD and WP:WEIGHT. Perhaps you would be bold enough to make the changes? -- (talk) 07:15, 26 October 2011 (UTC)


Can you first disclose what you have been tasked to do? The last wedbush employee sent to manage this article was polite enough to do that, maybe you could do the same? --Cameron Scott (talk) 07:46, 26 October 2011 (UTC)

Honestly Cameron, I haven't been tasked to do anything. I agree with many of the changes that have been made, but I want to ensure the best article possible. I still feel like it is a big Work in Progress. I love Wikipedia and have been a supporter of it and the work you guys do keeping it balanced and fair. There is a lot of helpful factual information on Wedbush that could and I believe should be included in this article for people who look it up. I, like yourself, want to keep it fair and balanced. TheCbK (talk) 14:30, 26 October 2011 (UTC)

Ah - looking at your talkpage, you are the other wedbush employee - I'll accept that you've lost the account details for that account - just a word of warning - if you recover the password, don't try and use the two accounts together or that will be seen as sock-puppeting and both will be blocked. --Cameron Scott (talk) 14:38, 26 October 2011 (UTC)

Added Awards

Personally, I think the page is looking great now. Its clean and informative. I added some of the awards Wedbush has received (only the most recent ones) as well as played with the flow of the page. It now reads...lede, history of the company, divisions of the company, some high times, some low times, References.


I've honestly caught the "EDITOR" bug. How can I do this more often? I want to do more on more pages. Suggestions? Tips? Come to my talk page. TheCbK (talk) 21:16, 16 November 2011 (UTC)

  1. ^ “Wedbush Sales & Trading.” http://www.wedbush.com/services/cmg/equities-division/sales-trading
  2. ^ "Top Liquidity Providers in NASDAQ-Listed Securities." NASDAQ, October, 2006. Retrieved November 2006.