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All Six Charged in Squawk-Box Case Made Deals, U.S. Says

Six men charged in a scheme to tip off traders to communications on internal brokerage “squawk boxes” reached deferred-prosecution agreements, the government said.

Assistant U.S. Attorney James McMahon announced the deals today in Brooklyn, New York, federal court, marking the end of a seven-year-long effort by the Justice Department to prosecute “front-running,” or trading ahead of market-moving orders.