An appeals court ruling that reversed the convictions of six brokers and traders for misusing brokerage firm “squawk boxes” was a setback for the Justice Department.
The court, which found that prosecutors violated a central tenet of due process, went so far as to question whether the government should try again to convict the defendants and called the violation “entirely preventable.” This is only the latest case in which the government failed to turn over important information and raises questions about whether prosecutors can abide by the rules.
‘Enforcement 40’ for 2020
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