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Not Guilty

Former Knight Get Vindication

Traders Magazine, September 2008

Peter Chapman

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.

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