B. Watley
PER
B. Watley Watley
Four executives at the day-trading firm of A.B. Watley were arraigned in the United States District Court in Brooklyn yesterday on conspiracy and securities fraud charges stemming from a scheme to reap profits after eavesdropping on confidential conversations between stockbrokers and their clients. Federal prosecutors say that the men at Watley paid brokers at Merrill Lynch, Citigroup and Lehman Brothers thousands of dollars so that they could listen in on conversations between the firms' trading desks and big institutional customers being carried on internal intercoms, or squawk boxes.