Your English writing platform
Discover LudwigExact(4)
Not for insider trading.
Ms. Stewart's conviction, for example, is not for insider trading but for lying to investigators.
Martha Stewart, for example, went to jail in 2004 not for insider trading, but for obstructing an investigation into charges she had sold stock based on inside information.
Ultimately Stewart and Bacanovic were indicted and put on trial for lying in the course of the investigation, though not for insider trading.
Similar(53)
Furthermore, the right response to those Wall Streeters who point out that she was not indicted for insider trading is to ask, why not?
While not indicted for insider trading, Stewart is accused of lying to investigators, obstructing justice and securities fraud.
Keys faces up to 25 years in prison and fines of up to $750,000 -- strong penalties, but not uncommon for insider hacking cases.
"This might ruffle the delicate sensitivities of the well-heeled two-martini lunch set, but President-elect Trump isn't fighting for them, he's fighting for the hard-working men and women outside the Beltway who don't care for insider bickering," he said.
Tellingly, Stewart wasn't indicted for insider trading in ImClone Systems shares, though the SEC did sue her and Peter Bacanovic Peter Bacanovic, her broker at Merrill Lynch, on that ground.
But the end to plausible deniability for C.E.O.'s is only a part of a much larger package of reforms that should help re-establish America's reputation as a financial market in which the game is not rigged for insiders.
It is a knowing study of the folkways of the tristate area — the orphans' funds, the Spitzer jokes, the way you might not get prosecuted for insider trading until you buy an eighty-three-million-dollar beach house, embarrassing the law into vigilance.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com