UPDATE 1-Ex-Wall Street banker Sean Stewart guilty in second insider trading trial [Reuters]
JP Morgan Chase & Co. (JPM)
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Source: Reuters
Ex-Wall Street banker Sean Stewart guilty in second insider trading trial NEW YORK (Reuters) - Former Wall Street investment banker Sean Stewart was found guilty on Monday of insider trading a second time for passing tips about healthcare industry mergers to his father. The verdict was handed down by a Manhattan federal jury, according to a spokeswoman for federal prosecutors, less than a year after an appeals court overturned Stewart’s earlier conviction and ordered a retrial. A lawyer for Stewart, 38, could not immediately be reached for comment. He is scheduled to be sentenced on Jan. 29. Prosecutors said Stewart, who worked at JPMorgan Chase & Co ( JPM.N Stewart was convicted of the charges for the first time in August 2017. In Feburary 2017, U.S. District Judge Laura Taylor Swain sentenced him to three years in prison. The 2nd U.S. Circuit Court of Appeals last year overturned his conviction and ordered a new trial. He had served about a year of his sentence. The appeals court ru
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