Trump Pardons Former Congressman Convicted of Illegal Stock Trading
Washington, D.C., Saturday, 6 June 2026.
President Trump pardoned former Representative Stephen Buyer for illegal stock trading. The clemency follows intense lobbying by political allies who characterized Buyer’s 2023 conviction as a targeted political operation.
The Mechanics of the Illegal Trades
On Thursday, June 4, 2026, 47th U.S. President Donald Trump signed a full and unconditional executive pardon for Stephen E. Buyer, a former Republican Representative for Indiana’s 4th Congressional District [3][4][5]. The White House officially announced the decision on Friday, June 5, 2026 [1][2]. Buyer, who served in Congress from 1993 to 2011, had been convicted in March 2023 on four counts of securities fraud related to two separate insider trading schemes [4]. Following a 22-month prison sentence, he was released by the Bureau of Prisons on February 3, 2025 [4].