Home Tags RMBS
Jesse C. Litvak, a former senior trader and managing director at Jeffries & Co., was sentenced to 24 months of imprisonment, followed by three years of supervised release.
Jesse C. Litvak also found not guilty on nine additional fraud charges.
$864 million settlement also resolves federal charges.
Morgan Stanley agrees to pay $3.2 billion to states for deceptive mortgage practices that helped lead to the 2008 financial crisis.