A former Bank of America Corp derivatives trader who pleaded guilty to conspiring to falsify documents was spared prison on Friday after spending years helping the government probe bid-rigging in the $3.7 trillion municipal bond market. Brian Zwerner, a former manager of Bank of America's municipal derivatives desk, was sentenced to spend three years on probation and pay a $10,000 fine by U.S. District Judge Victor Marrero in New York. Zwerner had pleaded guilty in 2011 to conspiring to make false entries in reports and other papers sent from his desk to bank management. According to court papers he has also agreed to pay Bank of America $890,000 and settle related U.S. Securities and Exchange Commission (SEC) civil charges. "I deeply regret my actions," the Atlanta resident told Marrero. The government's antitrust investigation has resulted in numerous convictions and $743 million in settlements with Bank of America, UBS AG, General Electric Co, JPMorgan Chase & Co and
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