Supreme Court won’t hear ex-lawmaker’s bid to toss insider trading conviction
Stephen Buyer (R-Ind.) was convicted in 2023 on four federal charges tied to hundreds of thousands of dollars he earned trading inside information, which he acquired as a consultant in the telecommunications industry after leaving Congress. A federal appeals court affirmed his conviction last year, but he denies wrongdoing. The former congressman asked the justices to decide whether stock trading on an exchange whose physical headquarters is based in Manhattan is enough to require that a case be tried in the Southern District of New York for insider trading charges.
- ▪Stephen Buyer (R-Ind.) was convicted in 2023 on four federal charges tied to hundreds of thousands of dollars he earned trading inside information, which he acquired as a consultant in the telecommunications industry after leaving Congress.
- ▪A federal appeals court affirmed his conviction last year, but he denies wrongdoing.
- ▪The former congressman asked the justices to decide whether stock trading on an exchange whose physical headquarters is based in Manhattan is enough to require that a case be tried in the Southern District of New York for insider trading ch
Opening excerpt (first ~120 words) tap to expand
Court Battles Supreme Court won’t hear ex-lawmaker’s bid to toss insider trading conviction by Ella Lee - 05/18/26 9:58 AM ET Link copied by Ella Lee - 05/18/26 9:58 AM ET Link copied NOW PLAYING The Supreme Court on Monday declined to take up a former congressman’s bid to toss his conviction on insider trading charges. Former Rep. Stephen Buyer (R-Ind.) was convicted in 2023 on four federal charges tied to hundreds of thousands of dollars he earned trading inside information, which he acquired as a consultant in the telecommunications industry after leaving Congress. A federal appeals court affirmed his conviction last year, but he denies wrongdoing.
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