|
|
Article: NASD investigation of former official at Glickenhaus noted by New York agency. (National Association of Securities Dealers; David Maisel)
- Article from:
- The Bond Buyer
- Article date:
- December 17, 1991
- Author:
CopyrightCOPYRIGHT 1991 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
WASHINGTON -- The National Association of Securities Dealers is looking into the bond trading activities of David Maisel, a former Glickenhaus & Co. general partner who resigned from the municipal bond firm this summer, according to New York State records.
"Maisel [allegedly] sold bonds out of managed customer accounts to a dealer with the intention of later repurchasing them for family accounts," according to a report by the New York Bureau of Investor Protection and Securities. "At the time of the repurchase, the market price was several points higher than the price actually paid."
"Later, the bonds were sold for a profit of approximately $75,000," ...