An Oregon retiree who conspired with a Nuveen LLC trader to profit from confidential market orders was sentenced Monday to one year in prison, closing a $47 million insider-trading case.
Alan Williams, 79, appeared before U.S. District Judge Paul Gardephe in Manhattan. Williams, who once ran trading at Sutro & Co. in San Francisco, admitted last year that he used insider tips from Lawrence Billimek, a former trader at Nuveen, to place thousands of timely stock bets.
Gardephe noted that Willia