Ex-Cantor bond trader on trial as defense assails profiteers

But that wasn’t the only defeat the government took in court on Thursday. That same day, a former mortgage bond trader at Cantor Fitzgerald, who stood accused of committing securities fraud by.

(Bloomberg) — A U.S. government crackdown on bond traders using questionable tactics resurfaced in a Connecticut courtroom at the trial of a former Cantor Fitzgerald LP managing director who is ch.

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Ex-Cantor bond trader on trial as defense assails profiteers Published.. Baez called the alleged victims in the case "profiteers" who made millions of dollars, lost no money and are still happy with the trades..When Fred Assini was a partner at his family’s home-remodeling company, he invariably would act as an intermediary for clients going.

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On May 3, 2018, a three-judge panel on the Second Circuit Court of Appeals ("Second Circuit") vacated former bond trader Jesse Litvak’s conviction on one count of securities fraud, holding that the district court erred in admitting testimony from a counterparty concerning that counterparty’s mistaken understanding of Litvak’s role in the sale of residential mortgage-backed securities.

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Ex-Cantor bond trader on trial as defense assails profiteers Published.. Baez called the alleged victims in the case "profiteers" who made millions of dollars, lost no money and are still happy with the trades..When Fred Assini was a partner at his family’s home-remodeling company, he invariably would act as an intermediary for clients going.

Bond Fraud Jury Deadlocked at Ex-Cantor Trader Demos’s Trial. Bond Fraud Jury Deadlocked at Ex-Cantor Trader Demos’s Trial. Bloomberg the Company & Its Products The Quint. Bloomberg. Bloomberg | Quint is a multiplatform, Indian business and financial news company. We combine Bloomberg’s global.

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An ex-Cantor Fitzgerald trader is facing six counts of securities fraud for allegedly charging customers inflated prices for residential mortgage-backed securities bonds and fraudulently deflating.

Bond Trader Acquitted Of All But One Securities Fraud Charges In Retrial . 01/30/2017. On January 27, 2017, a federal jury in New Haven, Connecticut found former bond trader Jesse Litvak not guilty on all but one of ten charged securities fraud counts.. the Second Circuit found that the trial.