On August 17, Sean Stewart was convicted after trial of providing inside information to his father, Robert Stewart, to trade on five healthcare companies’ stocks in advance of acquisitions.  Sean Stewart was a vice president and managing director at two investment banks in Manhattan.  He provided inside information to his father, who traded the stocks personally and through a colleague—who later began cooperating with the government—based on the information.  Evidence showed that Robert Stewart used the proceeds of the trades—which totaled over $1 million—to pay for expenses that included his son’s wedding.  United States v. Cunniffe et al., 15-cr-287 (S.D.N.Y.). DOJ Press Release

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