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



New York Southern

Nature of Suit



Laura Taylor Swain

Date Filed

August 28, 2006


Government Agencies

UK Financial Services

UK Financial Services

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