President Donald Trump has issued a pardon to Stephen Buyer, a former Republican congressman from Indiana who was convicted of insider trading. According to The Hill, the White House announced that President Trump granted the pardon this week to the former Republican lawmaker.
Stephen Buyer was convicted of insider trading in 2023 and was sentenced to 22 months in prison, according to ABC News. PBS Newshour and the Washington Examiner reported that Buyer served nearly two years in prison for making illegal stock trades based on inside information.
The conviction stemmed from Buyer's use of nonpublic information to buy stocks after leaving congressional office, according to The Hill's reporting on the White House announcement. Buyer, who represented Indiana as a Republican in Congress, was found guilty of using confidential information to make stock trades after departing from his position as a lawmaker.
The pardon issued by President Trump applies to Buyer's insider trading conviction. The former congressman had been sentenced to 22 months in prison following his 2023 conviction, and according to PBS Newshour and the Washington Examiner, he served nearly two years incarcerated for the offense.
Insider trading involves using nonpublic, material information to make investment decisions. In Buyer's case, the conviction related specifically to stock purchases made after he left Congress, when he allegedly used information not available to the public to inform his trading decisions.
The White House announcement of the pardon was reported by The Hill. The specific terms and reasoning behind the pardon were not detailed in the available reporting.
Stephen Buyer's case represents one of several pardons issued during Trump's presidency. The former Indiana congressman's conviction and subsequent pardon have been reported across multiple news outlets spanning the political spectrum, from PBS Newshour and ABC News on the left to the Washington Examiner on the right, with The Hill providing centrist coverage.
The pardon concludes the legal proceedings against Buyer related to the insider trading conviction. No additional information about future actions or statements from Buyer or the White House regarding the pardon was provided in the source reports.
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