WASHINGTON - The Securities and Exchange Commission yesterday fined Jersey City, N.J.-based Wolfe & Hurst Bond Brokers and a former broker $25,000 each and barred the broker from the securities industry for at least one year for manipulating bids-wanted auctions for municipal bonds.

The case is the third the SEC has brought against brokers' brokers, which match dealers' buy and sell orders for municipal bonds in return for commissions from the selling brokers. The commission filed similar charges against two other firms - Regional Brokers Inc. and D.M. Keck & Co., which had been doing business as Discount Munibrokers - in September 2007.

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