'Squawk Box' Squealers Cut Deal Over Plot To Sell Trading Info

Law360, New York (March 28, 2013, 3:33 PM EDT) -- A group of six former stockbrokers and day traders charged in an alleged scheme involving the sale of private trading information via internal “squawk boxes” have signed deferred prosecution agreements with the U.S. government, almost two years after the Second Circuit vacated their prior fraud convictions, an assistant U.S. attorney told a federal judge Wednesday.

Assistant U.S. Attorney James McMahon told U.S. District Judge John Gleeson that the government was finalizing the agreements and had granted bond exonerations to the six defendants, court records show. The...
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