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SEC May Urge Civil Charges against Martha Stewart for Insider Stock Trading.
Knight Ridder/Tribune Business News, October, 2002
By Peter J. Howe, The Boston Globe Knight Ridder/Tribune Business News
Oct. 22--Media and housewares executive Martha Stewart was reported yesterday to have moved a step closer to facing civil charges of insider stock trading, in what could become one of the marquee punishments in the federal government's crackdown on Wall Street corruption.
The Wall Street Journal, citing unidentified sources, reported late yesterday in its online edition that the enforcement staff of the Securities and Exchange Commission has notified Stewart that it intends to urge civil charges be brought against her over her sale of $227,000 worth of stock in ImClone Systems Inc. in December, a day before shares plunged on bad news about an anti-cancer drug it was...
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