NEW HAVEN, Conn., April 26 A federal judge in Connecticut on Wednesday sentenced a former Jefferies Group bond trader to two years in prison and to pay a $2 million fine after he was found guilty earlier this year of defrauding customers on bond prices.
A jury in January found Jesse Litvak guilty of one of 10 criminal charges he had faced, a muted victory as prosecutors try to crack down on abusive sales practices on Wall Street. (Reporting by Andy Thibault; Writing by Scott Malone; Editing by Tom Brown)
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