SAN FRANCISCO — Sensing a growth opportunity,Wedbush Morgan Securities announced last week that it has added five bankers to its ranks in California.

"Wedbush has not experienced the problems that a lot of the investment banks have in terms of exposure to subprime and auction-rate securities," Douglas Charchenko, the firm's senior vice president and head of fixed income, said in a statement announcing the moves. "We see this market as providing significant opportunities to grow our firm and build on our strong capital base."

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