Martha Stewart said Monday her 'personal nightmare has come to an end' after she settled civil insider-trading charges with the Securities and Exchange Commission, agreeing to $195,000 in fines, a five-year ban on serving as a director of a public company and limits on her executive position at the company she created. . . . The SEC said Stewart, the high-profile founder of Martha Stewart Living Omnimedia, will pay the maximum penalty and has agreed to the ban and a five-year limitation on her service as an officer or employee of a public company. (Monterey Herald, Tuesday)
Another notch on the SEC's belt.
FEE Timely Classic
Insider Trading: The Moral Issue by Ridgway K. Foley, Jr.