Defendant Name:
Hilltop Securities Inc.
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
Hilltop Holdings, Inc.
SIC Code:
6022
CUSIP:
43274810
Document Reference:
34-92370
Document Details
Legal Case Name
In the Matter of Hilltop Securities Inc. and Daniel C. Tracy
Document Name
Order Instituting Administrative and Cease-And-Desist Proceeding Pursuant to Sections 15(b), 15(c), and 21(c) of the Securities Exchange Act of 1934 and Sections 203(e) and 203(f) of the Investment Advisers Act of 1940, Making Findings, and Imposing Remedial Sanctions and a Cease-And-Desist Order
Document Date
09-Jul-2021
Document Format
Administrative Proceeding
Allegation Type
Municipal Securities & Public Pensions
Document Summary
On July 9, 2021, the SEC instituted settled administrative and cease-and-desist proceedings against Hilltop Securities Inc. and Daniel C. Tracy stating: "This matter involves Hilltop and Daniel C. Tracy’s violation of certain rules of the
Municipal Securities Rulemaking Board (“MSRB”) and Hilltop’s failure reasonably to supervise
a registered representative in connection with retail order periods for negotiated new issue
municipal bonds."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Disgorgement
Individual:
$206,606.00
Shared:
Civil Penalty
Individual:
$85,000.00
Shared:
Pre-Judgment Interest
Individual:
$48,587.00
Shared:
Other Defendants in Action: