2nd Van Der Moolen Trader Acquitted Of Front-Running

Law360, New York (September 19, 2006, 12:00 AM EDT) -- A former Van der Moolen Specialists USA LLC trader became the second at his company to be acquitted of securities fraud charges in an investigation into front-running on the floor of the New York Stock Exchange.

A 12-person jury found Richard Volpe not guilty of two counts of securities fraud on Monday. Volpe, 47, could have faced two decades in jail if convicted.

Volpe was accused of front-running, or trading ahead of investor orders for his own profit while his clients’ orders waited, and of interpositioning...
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