In a turn of events that 25 months ago would have seemed unthinkable, former Bank of America Securities broker Theodore Sihpol III walked out of a Manhattan courtroom last week absolved of all securities fraud charges.

New York Attorney General Eliot Spitzer last Wednesday dismissed the final four charges against Sihpol, who was acquitted in June on 29 other criminal counts for allegedly helping a hedge fund make illegal late trades after the bell, closing a high-profile case that started with a roar and ended with a whimper.

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