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.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access