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47°
Sunday, may 5
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News
Ex-Investment Bank Director From Nassau Sentenced For Insider Trading
A former Wall Street investment banker from Long Island has been sentenced after being convicted of insider trading for a second time after illegally tipping his father off to healthcare industry mergers. North Merrick resident Sean Stewart, 38, a former senior investment banker at two New York-based investment banks was sentenced to 24 months in prison following his conviction after a seven-day trial for illegally providing tips to his father, Robert Stewart, with non-public information. In addition to his prison term, Stewart was sentenced to three years of supervised release. He's due to…
News
Ex-Investment Banker From Nassau Convicted For Insider Trading Scheme
A former Wall Street investment banker from Long Island has been convicted of insider trading for a second time after illegally tipping his father off to healthcare industry mergers. North Merrick resident Sean Stewart, 38, a former senior investment banker at two New York-based investment banks was convicted following a seven-day trial for illegally providing tips to his father, Robert Stewart, with non-public information. Stewart was found guilty of providing his father with non-public information concerning five separate corporate acquisitions before they were announced, U.S. Attorney Ge…