The allegations read: Section 10(b) of the exchange act, sec rule 10b-5 thereunder, msrb rules g-14 and g-17 - respondent participated directly as a principal in a fraudulent trading scheme involving directed, prearranged, circular, non-bona fide wash purchases and sales of unrated, zero coupon, non-investment grade junk municipal bonds by which the bonds were parked repeatedly and the price of the bonds was steadily and artificially increased. The complaint alleges that the respondent aided and abetted the fraudulent scheme to park and to manipulate the price of the bonds.
