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."

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