A jury for the U.S. District Court for the Southern District of New York has ruled in favor of an SEC lawsuit against a former Prudential Securities registered rep for market timing mutual funds between 2001 and 2003.

The SEC said that the rep, Frederick J. O’Meally, evaded mutual fund blocks on his market timing.

The SEC filed its complaint on Aug. 28, 2006. The court will reconvene in January to determine sanctions against O’Meally.

Lee Barney writes for Money Management Executive.



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