Ex-Jefferies bond trader Litvak guilty on one of 10 fraud counts

A federal jury found former Jefferies Group bond trader Jesse Litvak guilty for a second time for defrauding customers on bond prices, but acquitted him on nine of the 10 counts he faced. The verdict on Friday by jurors in New Haven, Connecticut on the sixth day of deliberations is a mixed result for prosecutors trying to crack down on suspicious sales tactics on Wall Street. A different jury found Litvak guilty on all 10 securities fraud counts plus other charges in March 2014.