Ex-Prudential Broker Tries To Dodge SEC Action

Law360, New York (October 12, 2009, 5:34 PM EDT) -- Though many of his colleagues have settled, a former stockbroker at Prudential Securities Inc. has continued fighting a lawsuit that accuses him of deceptive practices with respect to market timing trades in mutual funds.

Frederick J. O'Meally filed a motion for summary judgment on Friday, saying there was nothing deceptive about his conduct, and that he did not understand his business practices to be wrong.

O'Meally pointed out that his hedge fund clients, Prudential, the mutual fund companies and the government all knew what he was...
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