SEC Kicks Off Prudential Broker's Trial Over Market-Timing

Law360, New York (November 16, 2011, 4:55 PM EST) -- Launching the trial of Frederick O'Meally, a former top Prudential Securities Inc. broker dubbed the “poster child” of market-timing, government lawyers told a New York federal jury Wednesday that O'Meally had ignored thousands of requests he stop the controversial practice.

Once a senior vice president at Prudential who was among its top 10 brokers, O'Meally, is accused of civil securities fraud for allegedly market-timing on behalf of his hedge fund clients even as the mutual funds he traded in repeatedly demanded he stop.

“Two thousand five...
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Case Information

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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Government Agencies

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