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Ex-Cushing Trader Gets 30 Months For Securities Fraud

By Paul DeBenedetto ( April 27, 2015, 6:41 PM EDT) -- A former equities trader for Cushing MLP Asset Management LP was sentenced Friday to 30 months in federal prison and forced to pay back more than $3.5 million in profits after pleading guilty to securities fraud, stemming from an alleged three-year front-running scheme under which he traded on insider information using his wife's brokerage account, according to acting U.S. Attorney John Parker of the Northern District of Texas....

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