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Wedbush Securities Data Breach Lawsuit Investigation
Shamis & Gentile P.A., one of the nation's premier class action law firms specializing in data breach cases, is investigating the Wedbush Securities Inc. data breach.
If you were affected by the data breach, your sensitive personally identifiable information may have been exposed, and you may be eligible for compensation.
About Wedbush Securities Inc.
Wedbush Securities Inc. is a privately held financial services firm based in the Los Angeles area, with its headquarters moving to Pasadena. The company was founded in 1955 and has grown to become one of the largest securities and investment banking firms on the West Coast. Wedbush Securities offers a range of services including wealth management, investment banking, capital markets, and clearing and execution services.
What Happened?
On July 11, 2025, Wedbush Securities discovered that one of its web-facing internal applications was misconfigured, allowing unauthorized access. The company quickly secured the application and began investigating the incident. It was determined that unauthorized actors may have accessed a limited set of client data between May 17, 2025, and July 11, 2025.
Information Exposed:
- Name
- Financial institution name
- Account number
- Social Security number
The company stated they are not aware of any misuse of the information at this time. However, the exposure of such sensitive data can put individuals at risk for identity theft and fraud.
Your Rights and Next Steps
If you received a notice from Wedbush Securities about this data breach, there are important steps you can take to protect yourself. First, it is recommended to remain vigilant by reviewing account statements and monitoring your credit reports for any suspicious activity or errors.
Wedbush Securities is offering affected individuals complimentary access to single bureau credit monitoring, a credit report, and a credit score for twelve months. These services are provided by Cyberscout, a TransUnion company. You must enroll within 90 days of receiving the notice to take advantage of these services.
You also have the right to place a fraud alert or a credit freeze on your credit file at no cost. A fraud alert requires businesses to verify your identity before extending new credit, while a credit freeze restricts access to your credit report without your consent. Contact information for Equifax, Experian, and TransUnion is included in the notice for those who wish to take these steps.
If you suspect identity theft or fraud, you have the right to file a police report and report the incident to the Federal Trade Commission or your state Attorney General. Additional resources and guidance are available through these agencies.
You May Be Entitled to Compensation
If your personal information was exposed in the Wedbush Securities data breach, you may be eligible for compensation. Lawyers are ready to help individuals affected by this incident understand their rights and pursue possible claims. To find out if you qualify and to join a lawsuit related to this breach, complete the below form.
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