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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001130381-08-000006.txt : 20080215
<SEC-HEADER>0001130381-08-000006.hdr.sgml : 20080215
<ACCEPTANCE-DATETIME>20080214173214
ACCESSION NUMBER:		0001130381-08-000006
CONFORMED SUBMISSION TYPE:	SC 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20080215
DATE AS OF CHANGE:		20080214

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MFRI INC
		CENTRAL INDEX KEY:			0000914122
		STANDARD INDUSTRIAL CLASSIFICATION:	INDUSTRIAL & COMMERCIAL FANS & BLOWERS & AIR PURIFYING EQUIP [3564]
		IRS NUMBER:				363922969
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0131

	FILING VALUES:
		FORM TYPE:		SC 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-43197
		FILM NUMBER:		08619487

	BUSINESS ADDRESS:	
		STREET 1:		7720 LEHIGH AVE
		CITY:			NILES
		STATE:			IL
		ZIP:			60714
		BUSINESS PHONE:		8479661000

	MAIL ADDRESS:	
		STREET 1:		7720 LEHIGH AVE
		CITY:			NILES
		STATE:			IL
		ZIP:			60714

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MIDWESCO FILTER RESOURCES INC
		DATE OF NAME CHANGE:	19970402

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			WEDBUSH, Inc.
		CENTRAL INDEX KEY:			0001130381
		IRS NUMBER:				953565499

	FILING VALUES:
		FORM TYPE:		SC 13G/A

	BUSINESS ADDRESS:	
		STREET 1:		1000 WILSHIRE BLVD
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90017
		BUSINESS PHONE:		2136888080

	MAIL ADDRESS:	
		STREET 1:		1000 WILSHIRE BLVD
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90017

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	E CAPITAL CORP
		DATE OF NAME CHANGE:	20001221
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G/A
<SEQUENCE>1
<FILENAME>mfri08.txt
<TEXT>








                            UNITED STATES
                  SECURITIES AND EXCHANGE COMMISSION
                        Washington, D.C. 20549

                             SCHEDULE13G/A


               Under the Securities Exchange Act of 1934

                        (Amendment No__6__)*


                              MFRI, INC.
- ---------------------------------------------------------------------

                           (Name of Issuer)


                                Common
- ---------------------------------------------------------------------

                    (Title of Class of Securities)


                              552721102
                          -----------------
                            (CUSIP Number)


                          December 31, 2007
- ---------------------------------------------------------------------
        (Date of Event Which Requires Filing of this Statement)




Check the appropriate box to designate the rule pursuant to which

this Schedule is filed:

    / / Rule 13d-1(b)
    /x/ Rule 13d-1(c)
    / / Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to
the subject class of securities, and for any subsequent amendment
containing information which would alter the disclosures provided
in a prior cover page.

The information required in the remainder of this cover shall not
be deemed to be "filed" for the purpose of Section 18 of the
Securities Exchange Act of 1934 ("Act") or otherwise subject to
the liabilities of that section of the Act but shall be subject
to all other provisions of the Act (however, see the Notes).

Potential persons who are to respond to the collection of
information contained in this form are not required to respond
unless the form displays a currently valid OMB control number.
SEC 1745 (3-98)
                           Page 1 of 7

<PAGE>


CUSIP No. 552721102
- --------------------

    1.  Names of Reporting Persons.
        I.R.S. Identification Nos. of above persons (entities only)

        WEDBUSH, Inc.
- ---------------------------------------------------------------------
   2.   Check the Appropriate Box if a Member of a Group
   	(See Instructions)

       (a) /x/
       (b) / /
- ---------------------------------------------------------------------
   3.   SEC Use Only
- ---------------------------------------------------------------------
   4.   Citizenship or Place of Organization

        California
- ---------------------------------------------------------------------
     Number of Shares  5. Sole Voting Power                   228,132
     Beneficially by   ----------------------------------------------
     Owned by Each     6. Shared Voting Power                 400,973
     Reporting         ----------------------------------------------
     Person With:      7. Sole Dispositive Power              228,132
                       ----------------------------------------------
                       8.Shared Dispositive Power             439,734

- ---------------------------------------------------------------------
   9.  Aggregate Amount Beneficially Owned by Each Reporting Person

      439,734
- ---------------------------------------------------------------------
   10.  Check if the Aggregate Amount in Row (9) Excludes Certain
        Shares (See Instructions)

        / /
- ---------------------------------------------------------------------
   11.  Percent of Class Represented by Amount in Row (9)

        6.6%
- ---------------------------------------------------------------------
   12.  Type of Reporting Person (See Instructions)

- ---------------------------------------------------------------------
        CO




                           Page 2 of 7

<PAGE>

CUSIP No. 552721102
- --------------------

    1.   Names of Reporting Persons.
         I.R.S. Identification Nos. of above persons (entities only)

         Edward W. Wedbush
- ---------------------------------------------------------------------
   2.   Check the Appropriate Box if a Member of a Group
        (See Instructions)

        (a) /x/
        (b) / /
- ---------------------------------------------------------------------
   3.   SEC Use Only
- ---------------------------------------------------------------------
   4.   Citizenship or Place of Organization

        United States of America
- ---------------------------------------------------------------------
     Number of Shares     5. Sole Voting Power        91,841
     Beneficially by   ----------------------------------------------
     Owned by Each        6. Shared Voting Power     400,973
     Reporting         ----------------------------------------------
     Person With:         7. Sole Dispositive Power   91,841
                       ----------------------------------------------
                          8.Shared Dispositive Power 439,734

- ---------------------------------------------------------------------
   9.   Aggregate Amount Beneficially Owned by Each Reporting Person

        439,734
- ---------------------------------------------------------------------
   10.  Check if the Aggregate Amount in Row (9) Excludes Certain
        Shares (See Instructions)

        / /
- ---------------------------------------------------------------------
   11.  Percent of Class Represented by Amount in Row (9)

        6.6%
- ---------------------------------------------------------------------
   12.  Type of Reporting Person (See Instructions)

- ---------------------------------------------------------------------
        IN




                           Page 3 of 7

<PAGE>



Cusip No. 552721102           13G MFRI, INC.

- ---------------------------------------------------------------------

Item 1. Name and Address of Issuer.

(a)   This statement relates to the shares of the common stock of
      MFRI, INC. ("Issuer").

(b)   Issuer's address: 7720 Lehigh Avenue,
      Niles, Illinois 60714


Item 2. Filers

(a)   This statement is filed by WEDBUSH, Inc. ("WI")
       and by Edward W. Wedbush ("EWW").

(b)   Business address of the above filers are as follows:
      WI - 1000 Wilshire Blvd., Los Angeles, CA 90017-2459
      EWW - P.O. Box 30014, Los Angeles, CA 90030-0014

(c)   WI is a California corporation and EWW is a citizen of the
      United States of America.

(d)   Common stock

(e)   552721102

Item 3. Classification of Filers

(a)--(g)       Not applicable




                             Page 4 of 7

<PAGE>



Item 4. Ownership

(a)   WI has sole ownership of 228,132 Shares of the Issuer and
      EWW has sole ownership of 91,841 Shares.

(b)   Of the Shares outstanding, WI owns approximately 3.43%
      and EWW owns approximately 1.38%.

(c)   Number of Shares as to which the filer has:

      (i)   Sole power to vote:  WI has sole power to vote on
            228,132 Shares and EWW has 91,841 sole Shares.

      (ii)  Shared power to vote: WI has 400,973 Shares and
            EWW has 400,973 Shares.

      (iii) Sole power to dispose: WI has sole power to
            dispose on 228,132 Shares and EWW has 91,841 Shares
            to dispose.

      (iv)  Shared power to dispose;  WI has 439,734 Shares
            and EWW has 439,734 Shares.

Item 5. Ownership of Five Percent or Less of a Class.

     	Not applicable.

Item 6. Ownership of More Than Five Percent on Behalf of Another.

        Not applicable.

Item 7. Identification and Classification of Subsidiary which
        Acquired the Securities Being Reported on by the Parent
        Holding Company.

     	Not Applicable.

                             Page 5 of 7

<PAGE>



Item 8.     Identification and Classification of Members of a Group.

Name                     Category       No.ofShares       Percentage

WEDBUSH, Inc.            CO             228,132           3.43%
Edward W. Wedbush        IN              91,841           1.38%

EWW is the chairman of WI.  EWW owns a majority of the outstanding
Shares of WI.  Accordingly, EWW may be deemed the beneficial
owner of the Issuer's Shares owned by WI.  However, beneficial
ownership of the Issuer's Shares is hereby disclaimed by EWW.


Item 9.     Notice of Dissolution of Group.

            Not applicable.

                             Page 6 of 7
<PAGE>


Item 10.  Certification

By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the purpose
of and do not have the effect of changing or influencing the
control of the Issuer of such securities and were not acquired in
connection with or as a participant in any transaction having
such purpose or effect.














                              Signature

After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this
statement is true, complete and correct.

                        WEDBUSH, Inc.

2/6/08
- ---------------------------
Date

ERIC D. WEDBUSH
- ------------------
Eric D. Wedbush
- ---------------------------
Signature

ERIC D. WEDBUSH
- ------------------
Eric D. Wedbush/ President
- ---------------------------
Name/Title


         Edward W. Wedbush


2/6/08
- ---------------------------
Date

EDWARD W. WEDBUSH
- ------------------
Edward W. Wedbush
- ---------------------------
Signature

EDWARD W. WEDBUSH
- ------------------
Edward W. Wedbush
- ---------------------------
Name/Title

                             Page 7 of 7


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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