A former Bank of America broker, acquitted last month on most counts related to after-hours mutual fund trades, will be retried on four charges on which the jury was unable to reach a verdict, prosecutors said Thursday.
Theodore C. Sihpol, 37, was tried on 33 counts arising from what prosecutors said was his illegal mutual fund trading after securities markets had closed. The jury found Sihpol not guilty on 29 counts, and a mistrial was declared on the other four charges.
Prosecutors said they opted to present the remaining charges to another jury after last-ditch efforts to reach a plea deal failed. Negotiations went into the night on Wednesday without resolution, both sides said.