An alleged conflict of interest involving an officer in the Massachusetts trial of Prudential Securities brokers has prompted Prudentials lawyers to ask for the officials recusal, Reuters reports.
An associate director for Massachusetts Secretary of State William Galvin , who is one of the parties scheduled to hear the proceedings involving seven former Prudential workers, should immediately recuse herself, Prudential attorney Steven Fuller said. While he could not be reached for comment regarding the reason for the request, other lawyers have said that a conflict of interest exists.
The officer, Diane Young-Spitzer, did not comment, although Galvin said there was no conflict of interest, even though Young-Spitzer comes from the office that originally charged the brokers. Wednesday, a U.S. attorney was expected to ask to put the trial on hold until the fall, so as to not interfere with the SECs investigation.
The Prudential brokers were charged last November with falsifying identities in order to execute in-and-out market timing trades.