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November 25, 2015 7:41 PM ET

Capital Markets

Company Overview of J.J.B. Hilliard, W.L. Lyons, LLC

Company Overview

J.J.B. Hilliard, W.L. Lyons, LLC provides retail brokerage and financial services. The firm offers retirement planning, business succession, trust and estate planning, and education funding services. Additionally, it provides financial advisory services for stocks, bonds, options, mutual funds, annuities, and insurances. The firm was founded in 1872 and is based in Louisville, Kentucky. As of March 31, 2008, J.J.B. Hilliard, W.L. Lyons, LLC operates as a subsidiary of HL Financial Services, LLC.

500 West Jefferson Street

Louisville, KY 40202

United States

Founded in 1872





Key Executives for J.J.B. Hilliard, W.L. Lyons, LLC

Chairman, Chief Executive Officer and President
Chief Financial Officer and Executive Vice President
Chief Operating Officer and Executive Vice President
Chief Administrative Officer and Executive Vice President
Executive Vice President and Director of Financial Services
Compensation as of Fiscal Year 2015.

J.J.B. Hilliard, W.L. Lyons, LLC Key Developments

The Securities and Exchange Commission Announces Enforcement Actions against 22 Municipal Underwriting Firms for Violations in Municipal Bond Offerings

The Securities and Exchange Commission announced enforcement actions against 22 municipal underwriting firms for violations in municipal bond offerings. The actions are the second round of filings against underwriters under the Municipalities Continuing Disclosure Cooperation (MCDC) Initiative, a voluntary selfreporting program targeting material misstatements and omissions in municipal bond offering documents. In present actions, the SEC found that between 2010 and 2014, the 22 underwriting firms violated federal securities laws by selling municipal bonds using offering documents that contained materially false statements or omissions about the bond issuers’ compliance with continuing disclosure obligations. The SEC also found that the underwriting firms failed to conduct adequate due diligence to identify the misstatements and omissions before offering and selling the bonds to their customers. The 22 firms, which did not admit or deny the findings, agreed to cease and desist from such violations in the future.  Under the terms of the MCDC Initiative, they will pay civil penalties based on the number and size of the fraudulent offerings identified, up to a cap based on the size of the firm. The maximum penalty imposed is $500,000.  In addition, each firm agreed to retain an independent consultant to review its policies and procedures on due diligence for municipal securities underwriting. The SEC's orders and penalty amounts are: Ameritas Investment Corp. – $200,000; BB&T Securities, LLC – $200,000; Comerica Securities, Inc. – $60,000; Commerce Bank Capital Markets Group – $40,000; Country Club Bank – $140,000; Crews & Associates, Inc. – $250,000; DuncanWilliams, Inc. – $250,000; Edward D. Jones & Co., L.P. – $100,000; Estrada Hinojosa & Company, Inc. – $40,000; Fifth Third Securities, Inc. – $20,000; The Frazer Lanier Company, Incorporated – $100,000; J.J.B. Hilliard, W.L. Lyons, LLC – $420,000; Joe Jolly & Co., Inc. – $100,000; Mesirow Financial, Inc. – $100,000; Northland Securities, Inc. – $220,000; NW Capital Markets Inc. – $100,000; PNC Capital Markets LLC – $500,000; Prager & Co., LLC – $100,000; Ross, Sinclaire & Associates, LLC – $220,000; UBS Financial Services, Inc. – $480,000; UMB Bank, N.A. Investment Banking Division – $420,000; and U.S. Bank Municipal Securities Group, a Division of U.S. Bank National Association –$60,000.

J.J.B. Hilliard, W.L. Lyons, LLC Presents at 2015 National Association of Water Companies Financial Forum, Jul-15-2015

J.J.B. Hilliard, W.L. Lyons, LLC Presents at 2015 National Association of Water Companies Financial Forum, Jul-15-2015 . Venue: 109 W. 39th Street (6th Ave), New York, NY 10018, United States. Speakers: Spencer Joyce.

Hilliard Lyons Names George Brooks as Senior Vice President

George Brooks has been named senior vice president of Hilliard Lyons. He works out of the firm's downtown Lexington office.

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