WASHINGTON - A federal jury in Arkansas has convicted the head municipal trader of the now-defunct Little Rock bond firm Swink & Co. of creating false records about the sale of municipal bonds.

The U.S. attorney for the Eastern District of Arkansas had alleged that Jimmy Dale Swink Jr. pretended to sell a municipal issue to beef up net capital at a time when the firm was experiencing financial difficulties.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.