Martha Stewart and Peter Bacanovic -- of domestic multimedia empire and ImClone Systems stock trading fame -- have agreed to settle civil charges of insider trading brought by the Securities and Exchange Commission.

Stewart's December 2001 sale of ImClone stock, prompted the civil SEC charges, which were put on the backburner when both Stewart and Bacanovic were convicted of insider trading at a criminal trial. The SEC accused Stewart of receiving an illegal top from her former broker, Bacanovic.

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