Ex-Rochdale Broker Pleads Guilty in Apple Stock Buy Case
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A former Rochdale Securities LLC trader pleaded guilty to federal conspiracy and wire fraud charges in connection with an unauthorized $1 billion purchase of Apple Inc. stock which led to his company’s failure.
David Miller, 40, gave his plea today before U.S. Magistrate Judge Donna F. Martinez in Hartford, Connecticut, prosecutors said in a statement. Miller also entered into a partial civil settlement with the U.S. Securities and Exchange Commission over the trade, according to the agency.