Following 6 days of deliberations, a federal jury found former Jefferies Group bond trader Jesse Litvak guilty for a second time for defrauding customers on bond prices, but acquitted him on nine of the 10 counts he faced. Litvak, 42, who was an MD director at Jefferies, had been accused of generating $2.25 million of illegal profit by misleading customers - including AllianceBernstein and Soros Fund Management - about bond prices from 2009 to 2011.

The verdict was a mixed result for prosecutors trying to crack down on suspicious sales tactics on Wall Street. Back in March 2014, another federal jury had found Litvak guilty on all 10 securities fraud counts, as well as other charges, resulting in a 2-year prison sentence. However, that verdict was overturned on appeal in December 2015.

• Prosecutors said Litvak was motivated by greed, and that his "lies" caused customers to overpay for bonds they were buying and accept lower prices for bonds they were selling.

• But defense lawyers countered that Litvak's customers were sophisticated investors with a deep well of talent, computer models and economic forecasts, and would know enough to be skeptical if prices that Litvak quoted looked wrong.

6 other former traders face similar charges.    Four pleaded not guilty: Ross Shapiro, Michael Gramins and Tyler Peters from Nomura Holdings; David Demos from Cantor Fitzgerald. Two pleaded guilty - Matthew Katke and Adam Siegel from RBS - but under some circumstances could withdraw their pleas if Litvak were acquitted.

[Click to read Financialish's earlier article: "Bond Trader Faces Retrial as U.S. Cracks Down on Wall Street Abuses"]