Without admitting or denying the allegations, Martha Stewart and Peter Bacanovic have agreed to settle insider-trading charges by paying $195,000 and $75,000, respectively, according to the Securities and Exchange Commission. The fine includes $45,673 disgorgement for losses she avoided and $510 in commissions he received from those trades, plus a fine three times the losses form each of them. As part of the deal, Stewart is barred from serving as a director of a public company for five years, and a five-year limitation on her service as an officer or employee of a public company. “This settlement achieves everything we sought to accomplish in pursuing this case,” said Mark Schonfeld, director of the SEC’s Northeast Regional Office.
