Ex-Icap unit broker sentenced for securities fraud

Former broker sentenced to 18 months for misrepresentation of prices

Friday 31 January 2014 at 07:28

A former broker at a unit of brokerage Icap was sentenced to 18 months in prison after pleading guilty last year for his part in a scheme that prosecutors said added millions of dollars in extra costs to trades by institutional clients during periods of high stock-market volatility.

The broker, Marek Leszczynski, pleaded guilty in August to one count of conspiracy to commit securities fraud and wire fraud.