TITLE

Martha Stewart and Peter Bacanovic Settle SEC's Insider Trading Charges

PUB. DATE
August 2006
SOURCE
ComplyNet;Aug2006, p10
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article assesses the agreement reached by the U.S. Securities and Exchange Commission to settle insider trading charges against Martha Stewart and Peter Bacanovic relating to Stewart's sale of ImClone Systems stock in December 2001. Stewart agreed to an injunction, disgorgement of losses she avoided, and the maximum penalty of three times the losses she avoided. She also agreed to a five year bar from serving as a director of a public company.
ACCESSION #
22872289

 

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