Wedbush Securities Data Breach Exposes Client PII in 2025 Incident Wedbush Securities Inc., a Los Angeles-based financial services firm founded in 1955, is under investigation by class action law firm Shamis & Gentile P.A. following a data breach that exposed sensitive client information. The breach occurred due to a misconfigured web-facing internal application, which allowed unauthorized access between May 17 and July 11, 2025. The company detected the issue on July 11, 2025, secured the application, and launched an investigation. While Wedbush reported no evidence of data misuse, the exposed information included names, financial institution details, account numbers, and Social Security numbers—putting affected individuals at risk of identity theft and fraud. Affected clients were notified and offered 12 months of complimentary credit monitoring, credit reports, and credit scores through Cyberscout (a TransUnion company), with enrollment required within 90 days of notification. Wedbush also advised impacted individuals to consider placing fraud alerts or credit freezes via Equifax, Experian, or TransUnion. Legal representatives are evaluating potential compensation claims for those whose data was compromised. The incident highlights ongoing risks in financial sector cybersecurity, particularly from misconfigured systems.