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Presidential Clemency Record

Stephen E. Buyer

Pardon

  /   2025–Present

Record at a Glance

Clemency type
Pardon
Presidential term
2025–Present
Federal district
Southern District of New York
Offense
Securities fraud (four counts)
Sentence
22 months' imprisonment; three years' supervised release; $765,912.61 restitution (as amended); $10,000 fine (September 19, 2023)
Current status
Buyer received a full federal pardon in June 2026. The SEC subsequently filed an August 24, 2026 joint stipulation dismissing its separate civil enforcement action with prejudice, in the exercise of its discretion; the agency's announcement did not itself reverse the criminal jury verdict.

Original Case

A March 2023 jury convicted Buyer of four securities-fraud counts concerning insider trading. On September 19, 2023 he received 22 months' imprisonment, forfeiture exceeding $350,000, and a $10,000 fine. The Supreme Court declined review in May 2026; that appellate event did not disturb the jury conviction before the pardon.

Clemency

Trump issued Buyer a full, complete, and unconditional pardon through Proclamation 11033 on June 4, 2026. Buyer had already been released after serving his prison term; the proclamation relieved the continuing federal consequences of the conviction but did not vacate the jury’s verdict.

Trump Connection

Buyer was a former Republican congressman, and his pardon campaign drew support from more than 50 current and former public officials. Trump’s proclamation specifically named Senators Lindsey Graham and Roger Wicker among the advocates and praised Buyer’s military and congressional service while criticizing the prosecution. That organized political advocacy is the documented route to clemency; the proclamation’s view of the case is presidential rationale, not a judicial reversal.

Since Clemency

  • 2026-08-24 · civil enforcement disposition

    The SEC filed a joint stipulation with Stephen Buyer and relief defendant Joni Buyer to dismiss its separate civil enforcement action with prejudice. The SEC said its discretionary decision did not necessarily reflect its position on other cases.

    Legal Status: Separate civil action, S.D.N.Y. No. 1:22-cv-06279; not a judicial reversal of the criminal jury verdict or a new clemency grant.

Sources

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