Squawk Box Brokers Face Retrial On Conspiracy

Law360, New York (May 22, 2007, 12:00 AM EDT) -- A group of former brokers at Merrill Lynch & Co. Inc., Lehman Brothers and Citigroup Global Markets Inc. will be retried for conspiracy, according to the office of the U.S. Attorney for the Eastern District of New York.

The former brokers have been accused of giving day-traders access to private trading information via internal "squawk boxes."

Also among the defendants facing retrial are four current and former executives at day-trading firm A.B. Watley Inc., including its president and a former compliance officer.

In the first trial,...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.