Former Knight Get Vindication
Traders Magazine, September 2008
In a federal court in Trenton, N.J., this June, Kenny Pasternak, former chief executive of Knight Trading Group, now Knight Capital Group, and John Leighton, Knight's former head of institutional sales, recently won a big victory against the Securities and Exchange Commission. The ruling brings some closure to a legal drama surrounding allegations of fraud at Knight that has dragged on for years, cost Knight $79 million, and ended the securities industry careers of three former Knight executives. "I feel vindicated," Pasternak told Traders Magazine.
All TradersMagazine.com articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, online technology directory, the iPad App, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and trading strategies.