On February 17, 2017, Sean Stewart was sentenced to 36 months in prison by U.S. District Judge Laura Swain, for providing inside information to his father, Robert Stewart.  Sean Stewart, who was a former managing director at an investment advisory firm in Manhattan, was convicted after trial on August 17, 2016.  He provided inside information to his father about five health care company mergers and acquisitions before they were announced.  Sean Stewart’s father then traded the stocks personally and through a colleague, Richard Cunniffe, based on the information.  Evidence shows that Robert Stewart used the proceeds of the trades—which totaled over $1 million—to pay for expenses that included his son’s wedding.  Robert Stewart pled guilty on August 12, 2015 and was sentenced to four years’ probation, with the first year to be served in home detention, along with $150,000 in forefeiture.  Richard Cunniffe, pled guilty on May 12, 2015.  United States v. Cunniffe et al., 15-CR-287 (S.D.N.Y.). DOJ Press Release

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