Investment banker gets 3-year prison term over inside tips
Source: Associated Press
Investment banker gets 3-year prison term over inside tips
Updated 3:43 pm, Friday, February 17, 2017
NEW YORK (AP) — An investment banker convicted of insider trading charges that he fed tips to his father has been sentenced in New York to three years in prison.
A federal judge announced the sentence Friday for Sean Stewart. She ordered Stewart to spend a year in home detention during probation and perform 200 hours of community service.
Stewart was convicted last summer after a jury concluded he shared secrets while working as an executive in mergers and acquisitions at JPMorgan Chase & Co. and Perella Weinberg Partners LP.
He maintained his innocence at his sentencing, though he acknowledged making "serious mistakes."
Read more: http://www.chron.com/news/crime/article/Yale-educated-banker-gets-3-year-prison-term-for-10941381.php
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Sean Stewart with wife.
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