Besides being ordered to pay $195,000 in fines she is also barred from serving as a the director of a public company for fiver years, including Martha Stewart Living Omnimedia Inc. (MSO), under an agreement announced by the Securities and Exchange Commission. The agreement comes as a result of civil insider-trading charges.
Stewart has already served five months for obstructing a federal securities investigation by lying about her sale of ImClone Systems Inc.(IMCL) almost five years ago. Her former Merrill Lynch & Co. Inc.(MER) broker, Peter Bacanovic, was ordered to pay $75,000 in fines and has already been barred from associating with a broker, dealer, or investment adviser in a previous order.
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