Adding ‘father-son’ to the Familial Betrayal list
The upcoming insider-trading trial of a former Perella Weinberg Partners managing director may present “familial betrayal” of the father-son variety. Sean Stewart will go on trial on July 25, 2016, on charges that he tipped his father, Bob Stewart, in advance of five healthcare mergers. Bruce Carton reports.
Related articles
-
Article
CCOs struggle to keep up with evolving insider-trading legal standards
A year after the landmark U.S. v. Newman insider-trading case, federal prosecutors are getting more creative in an evolving legal landscape that creates fresh pitfalls for CCOs and legal counsel. Jaclyn Jaeger has more.
-
News BriefJudge reinstates fired CPSC commissioners in latest battle over government cuts
In May, three commissioners for the Consumer Product Safety Commission were abruptly fired by President Donald Trump and sued for their jobs shortly after. A federal judge has ruled that the commissioners should be reinstated, although it’s unclear whether that ruling may itself be reversed.
-
PremiumUK’s Failure to Prevent Fraud law may expose firms to unlimited fines and prosecution, says Moody’s compliance risk expert
Fraud now accounts for around 40% of all crime in the U.K., posing a major problem for banks and consumers. Ted Datta, head of industry practice for financial crime compliance at Moody’s, warns that the risk is growing fast.