The former chairman and chief executive officer of Keefe, Bruyette & Woods Inc., a New York-based investment banking boutique, was sentenced to eight months in prison and hit with a $25,000 fine for passing inside information to his adult-film-star mistress. James J. McDermott Jr. is the first chief executive of a well-known Wall Street firm to be convicted of insider trading.
August 04, 2000 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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