Ex-Perella Banker Stewart Gets Two Years for Insider Trading (1)

Former Perella Weinberg Partners LP banker Sean Stewart earned a reprieve from prison last year when a federal appeals court threw out his insider trading conviction and ordered a new trial.

Now Stewart is heading to prison a second time on charges he tipped his father off about five health-care mergers.

U.S. District Judge Jed Rakoff on Tuesday rejected Stewart’s plea to be sentenced to the 13 months he’d already spent in prison, instead giving him two years in prison with credit for time served. A Manhattan jury in September found Stewart guilty after deliberating for just over an hour. ...