UPDATE 1-Ex-Wall Street banker Sean Stewart guilty in second insider trading trial [Reuters (UK)]
JP Morgan Chase & Co. (JPM)
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Source: Reuters
Ex-Wall Street banker Sean Stewart guilty in second insider trading trial - Reuters 3 Min Read 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 ) and Perella Weinberg Partners, passed tips to his father Robert from 2011 to 2015. They said the tips yielded $1.16 million of profit for Robert Stewart and his friend Richard Cunniffe, to whom he had forwarded some of them. Stewart was convicted of the charges for the first time in August 2017. In Feburar
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