Sarah Wynn

Constantinos Maniatis exercised discretion in seven customer accounts despite the firm no longer allowing discretionary trading, the regulator said.

Hilltop was fined a total of $475,000, with $100,000 pertaining to violations of municipal securities rules.

This is the latest case to involve improperly allocating bonds meant for retail customers and instead selling them to other market participants.

Charles Doraine settled with the Financial Industry Regulatory Authority on Monday without admitting or denying FINRA’s findings.

Her hospitalized client's accounts had more than $14 million in transactions over a nine day period, according to FINRA.

Muni bonds are giving younger investors the opportunity to put their money to work in ways that they value.