Ex-Prudential Broker Settles SEC Market Timing Suit

Law360, New York (March 9, 2011, 10:19 PM EST) -- A former Prudential Securities Inc. stockbroker agreed to pay a $300,000 civil penalty in New York Wednesday to end a U.S. Securities and Exchange Commission suit accusing him of deceptive practices with respect to market timing trades in mutual funds.

The settlement, filed in the U.S. District Court for the Southern District of New York, closed the case against Jason Ginder, leaving just one defendant — out of four Prudential brokers named in the scheme — still battling the suit alleging that they defrauded more than...
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Case Title

Securities and Exchange Commission v. O'Meally et al


Case Number

1:06-cv-06483

Court

New York Southern

Nature of Suit

Securities/Commodities

Judge

Laura Taylor Swain

Date Filed

August 28, 2006

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