The decision of a federal judge to order the acquittal of floor trader David Finnerty has been affirmed by the 2nd U.S. Circuit Court of Appeals.

Finnerty, once a specialist with Fleet Specialist Inc., was accused of “interpositioning,” or trading for his own firm’s account at a price between the buy and sell orders he was handling.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]