Ex-Cantor bond trader on trial as defense assails profiteers

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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.

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.

Ex-Cantor bond trader on trial as defense assails profiteers. 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..

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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.

Demos’s attorney, Jose Baez, previewed a defense strongly. investment decisions. Ex-Cantor Bond Trader Latest on Trial in U.S. Probe: Scorecard In his opening statement, Baez called the alleged.

Ex-Cantor Fitzgerald Trader Not Guilty in Bond Fraud Case.. Bond fraud trial turns testy When Defense Takes on Victim. Baez, whose law firm’s website prominently features an 800 number, and his colleagues declined to be interviewed during trial. He said in an email his work goes well beyond.

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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.