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Politics

Jonathan Wright

Trump just pardoned a convicted insider trader, just as insider-trading stories swirl around him

Donald Trump United States Eric Trump Stephen Buyer Indiana Republican

Ever since the Stock Act of 2012, government officials have been warned that they’re not exempt from going to jail for insider trading. Just ask Stephen Buyer, the former Indiana Republican, who had spent nearly two years in federal prison, before Donald Trump decided to issue a pardon for him.

This Friday, the White House released a full and unconditional pardon (per Associated Press) for Buyer, the former Indiana Republican convicted of insider trading tied to the T-Mobile–Sprint merger and a consulting-firm acquisition, both involving his own clients.

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