Squawk Box Defendant Gets One Year In Prison

Law360, New York (July 31, 2007, 12:00 AM EDT) -- A former broker at Merrill Lynch & Co. was sentenced to a year and a day in prison on Tuesday for allegedly sharing inside information with day-traders through broadcast devices known as “squawk boxes.”

The broker, Timothy O'Connell, was convicted of lying to government investigators and pressuring his assistant to do the same, Reuters reported.

O'Connell and six other brokers have also been charged with fraud and criminal conspiracy. All of the brokers were acquitted of the fraud charges in a trial that concluded in May,...
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