Bond trader faces retrial as U.S. cracks down on Wall Street abuses

The retrial of Jesse Litvak, with jury selection set for Wednesday and opening arguments for Thursday, comes 13 months after a federal appeals court voided his original conviction and two-year prison sentence. "The retrial will clear the air over whether bond traders can increase margins by falsely representing prices, which can distort trading and capital formation," said James Cox, a Duke University law professor. C.J. Mahoney, a lawyer for Litvak, declined to comment, as did a spokesman for U