NOTE: Stipulations of Fact and Consent to Penalty (SFC); Offers of Settlement (OS); and Letters of Acceptance Waiver, and Consent (AWC) are entered into by Respondents without admitting or denying the allegations, but consent is given to the described sanctions & to the entry of findings. Additionally, for AWCs, if FINRA has reason to believe a violation has occurred and the member or associated person does not dispute the violation, FINRA may prepare and request that the member or associated person execute a letter accepting a finding of violation, consenting to the imposition of sanctions, and agreeing to waive such member's or associated person's right to a hearing before a hearing panel, and any right of appeal to the National Adjudicatory Council, the SEC, and the courts, or to otherwise challenge the validity of the letter, if the letter is accepted. The letter shall describe the act or practice engaged in or omitted, the rule, regulation, or statutory provision violated, and the sanction or sanctions to be imposed.

Wedge Securities, LLC
AWC/2007011191101

The Firm failed to

• inclued the required analyst certification regarding the analyst’s compensation in a research report, and 
• include in a clear and prominent manner the certification that the view expressed in the report accurately reflected the analyst’s personal views about the subject company; and
• enforce and maintain a supervisory system, including policies and procedures, reasonably designed to ensure compliance with SEC Regulation AC and NASD Rules 2210 and 2211. 

Wedge Securities, LLC: Censured; Fined $20,00