Supreme Court won’t hear ex-lawmaker’s bid to toss insider trading conviction
Summary
The U.S. Supreme Court decided not to review a case involving former Congressman Stephen Buyer. Buyer was convicted in 2023 for insider trading related to information he got working as a consultant after leaving Congress.Key Facts
- Stephen Buyer, a former Republican congressman from Indiana, was convicted in 2023.
- He was found guilty on four federal charges related to insider trading.
- The insider trading involved hundreds of thousands of dollars.
- Buyer traded based on confidential information he learned as a telecommunications consultant.
- The information was obtained after he left Congress.
- A federal appeals court confirmed his conviction before the Supreme Court declined to hear the case.
- The Supreme Court’s refusal means the lower court’s decision stands.
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