ETHICS CASE ASSIGNMENT

read 3 article and write your own words. How day traders turned squawk-box chatter into profits Ex-Merrill Lynch Brokers Squawk-Box Conviction Reversed Appellate Court Finds Misconduct by SEC and U.S. Prosecutors in Squawk Box Case; Overturns Convictions*What types of investors are typically harmed the most by front-running?*John J. Amore pleaded guilty to mail fraud and conspiracy to commit securities fraud in 2004. In 2007, the SEC barred Amore from association with any broker or dealer. In 2012, however, former brokers won a reversal of their 2009 conspiracy convictions for tipping day traders to information provided by their squawk boxes. Provide a thorough summary of why the convictions were reversed.