Martha Stewart

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Title: Martha Stewart

Essay Details:

Subject: Biographies

Author: Alma M

Date: August 6, 2015

Level: University

Grade: A

Length: 5 / 1329

Essay text:

Around the end of December 2001, Imclone’s CEO Sam Waksal, also a client of Merrill Lynch started illegally transferring his stock to his daughter. The intent was to have the daughter start selling off the stock before the FDA made its announcement about not supporting the drug. That’s when Ms. Stewart’s stock broker had his assistant notify her of the upcoming situation and she decided to sell her stocks before she lost too much money. That is said to be insider trading, having received any type of information that was not made available to the public. I don’t understand why the stock broker, who worked for her and got a commission for what he does...

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