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."

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.