On or around July 11, 2025, Wedbush Securities Inc. (“Wedbush”) discovered that one of its web-facing internal applications was misconfigured, making unauthorized access possible. The company immediately secured the application, launched an investigation, and engaged data privacy specialists to determine the scope of the incident. The review revealed that unauthorized actors may have accessed certain client data between May 17, 2025, and July 11, 2025. On August 28, 2025, Wedbush confirmed that some personal information was involved.
While there is no evidence of misuse, Wedbush is notifying affected individuals and offering complimentary credit monitoring and fraud assistance services for 12 months through Cyberscout (a TransUnion company).
Wedbush Securities is a Los Angeles-based financial services firm founded in 1955, offering brokerage, wealth management, and investment banking for individuals and institutions, specializing in growth sectors like tech, media, sports, and life sciences, with a history rooted in clearing services and providing robust support for financial advisors.
Following the breach, the company implemented enhanced security measures and continues to monitor its systems.
If you received a Data Breach notification letter from Wedbush Securities, it confirms that your information was potentially impacted.
What information is involved in the Wedbush Securities Inc. Data Breach?
Compromised information may include:
Name
Financial Institution Name
Account Number
Social Security Number
Your Personally Identifiable Information (PII) includes details that can be used to identify you. Organizations are legally obligated to safeguard this data, and failure to do so can result in statutory fines and other legal consequences. If PII is stolen, it may be exploited by criminals to commit identity fraud.
A specific category of PII is financial information, which is highly sensitive and often targeted by cybercriminals. Compromised payment card data can lead to unauthorized transactions and identity theft.
If your data has been exposed in a breach, one of the most effective steps you can take is to enroll in credit and identity monitoring services promptly.
Residents of California benefit from additional privacy protections under the California Consumer Privacy Act (CCPA), which grants enhanced rights regarding personal data. Additionally, California residents also benefit from medical privacy protections under the Confidentiality of Medical Information Act (CMIA), which specifically grants enhanced protections for confidential medical data.
If you received a NOTICE OF DATA BREACH letter from Wedbush Securities Inc., your personal and financial information may be at risk. This type of data can be exploited by identity thieves to commit fraud and other crimes.
Contact the Data Breach Lawyers at Emery | Reddy, PC for a Free Case Review today.