Stewart Broker Says On Tape He Had No Advance Knowledge

Summary

---

NEW YORK -- Jurors at the Martha Stewart trial listened Wednesday to a recording in which her stockbroker told investigators he had no advance word of the bad news that sent ImClone Systems stock tumbling.

In the interview with the Securities and Exchange Commission, broker Peter Bacanovic instead described what he said was a standing agreement with Stewart to sell her stock if it fell below a certain price.

See the full content of this document

Extract

---

Stewart Broker Says On Tape He Had No Advance Knowledge

Bacanovic said that a week before Stewart sold her stock in 2001, he asked her: "How low does this have to go before you're prepared to part with it?" He said Stewart did not...

See the full content of this document

---