(Stamford Advocate) A former Jefferies & Co. exec in Stamford won a reversal of his conviction for how he portrayed bond prices to customers, according to Bloomberg, with the U.S. Court of Appeals for the Second Circuit ruling prosecutors failed to prove that Jesse Litvak’s alleged misstatements were relevant. Litvak, a New York City resident who worked at Jefferies’ Stamford office, was fined $1.75 million following his March 2014 conviction on allegations he misrepresented the spreads between prices negotiated by buyers and sellers of bonds he was brokering, pocketing the difference. Litvak had been sentenced to two years in prison…..
Conviction Reversed for Former Jefferies Trader
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