The co-president of Los Angeles-based Wedbush Securities has resigned after less than 2 years in the role

• Wedbush, the Los Angeles investment firm, confirmed to Business Insider that co-president Rich Jablonski had resigned on Tuesday.
• Co-president Gary Wedbush alerted employees of Jablonski's resignation in an email, according to a source familiar with the matter.
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Los Angeles-based Wedbush Securities confirmed to Business Insider on Tuesday that co-president Rich Jablonski has resigned.

Co-president Gary Wedbush, the son of founder Edward Wedbush, alerted employees of Jablonski's resignation in an email, according to a source familiar with the matter.

"Rich Jablonski has resigned his position and the firm has no further comment," a spokeswoman told Business Insider on Tuesday.

Wedbush, which is privately held and offers services including brokerage, wealth management, and investment banking, has dealt with a raft of regulatory issues in recent years.

Jablonski, who was named president in May 2018, joined the firm in 2012 as senior vice president of correspondent services.