August 8, 2006
Martha Stewart Throws in the Towel on SEC Prosecution
Martha Stewart has settled SEC charged of insider trading. She has paid a fine of about 200,000 dollars and has agreed not to serve as a senior executive or director of any publicly traded company for five years. She still owns 92 percent of the voting stock of the company that carries her name, however, and can, therefore, appoint nominee directors, directors who will listen carefully to her directions. The private suits are left.
TrackBack URL for this entry:
Listed below are links to weblogs that reference Martha Stewart Throws in the Towel on SEC Prosecution: