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Court reverses "squawk box" convictions

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Traders work on the floor at the New Check stocks

A federal appeals court Thursday lashed out at government misconduct and reversed the 2009 conspiracy convictions of six men, including three Long Islanders, for using brokerage "squawk boxes" to let outsiders exploit confidential client information.

The U.S. Second Circuit Court of Appeals said that Brooklyn federal prosecutors and Securities and Exchange Commission lawyers improperly hid...

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