Ex-Icap unit broker sentenced for securities fraud

Former broker sentenced to 18 months for misrepresentation of prices

A former broker at a unit of brokerage Icap was sentenced to 18 months in prison after pleading guilty last year for his part in a scheme that prosecutors said added millions of dollars in extra costs to trades by institutional clients during periods of high stock-market volatility.

The broker, Marek Leszczynski, pleaded guilty in August to one count of conspiracy to commit securities fraud and wire fraud.

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