Defendant Name:
Hilltop Securities Inc.
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
Hilltop Holdings, Inc.
SIC Code:
6022
CUSIP:
43274810
Document Reference:
34-100697
Document Details
Legal Case Name
In the Matter of Hilltop Securities Inc.
Document Name
Order Instituting Administrative and Cease-and-Desist Proceedings Pursuant to Sections 15(b) and 21C of the Securities Exchange Act of 1934 and Sections 203(e) and 203(k) of the Investment Advisers Act of 1940, Making Findings, and Imposing Remedial Sanctions and a Cease-And-Desist Order
Document Date
14-Aug-2024
Document Format
Administrative Proceeding
Allegation Type
Broker Dealer
Document Summary
On August 14, 2024, the SEC instituted administrative and cease-and-desist proceedings against Hilltop Securities Inc., stating: "These proceedings arise out of HTS's identification--and self-report--of
widespread failures of certain HTS personnel, including at senior levels, to adhere to certain of
these essential requirements and Respondent's own policies. Using their personal devices, these
personnel communicated both internally and externally by text messages, which were not an
approved written communications platform ("off-channel communications")."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
Compliance Related Independent Consultant
Other Compliance Related Undertaking
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution
Self Reporting to SEC
Monetary Penalties:
Civil Penalty
Individual:
$1,600,000.00
Shared:
