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Former Jefferies Group trader sentenced to two years for fraud

Posted by: Admin | Posted on: April 26th, 2017 | 0 Comments


NEW HAVEN, Conn. A federal judge in Connecticut on Wednesday sentenced a former Jefferies Group bond trader to two years in prison and to pay a $2 million fine after he was found guilty earlier this year of defrauding customers on bond prices.


A jury in January found Jesse Litvak guilty of one of 10 criminal charges he had faced, a muted victory as prosecutors try to crack down on abusive sales practices on Wall Street.

(Reporting by Andy Thibault; Writing by Scott Malone; Editing by Tom Brown)

Article source: http://feeds.reuters.com/~r/reuters/businessNews/~3/EdpNcjPJ794/us-jefferies-group-litvak-sentence-idUSKBN17S2NL

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