Former Fidelity trader Thomas Connolly was sentenced to three years probation yesterday for $2.39 million worth of illegal options trades through the CBOE. Richard Callipari, who managed the options trades that Connolly handled for the nation’s No. 1 fund company, was also implicated.

Last year, Callipari was found guilty at trial of conspiracy, wire fraud and obstruction. While he only paid a fine of $7,500, he was sentenced to 2-1/2 years in prison, Reuters reports.

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