President Donald Trump has pardoned Stephen Buyer, a former Republican congressman from Indiana who was convicted of securities fraud and insider trading.

Buyer, who served in the House of Representatives, was found guilty of trading stocks based on non-public information related to two business deals before they were announced to the public. The conviction involved charges of securities fraud stemming from his use of insider information to make profitable stock trades.

The former congressman's legal troubles centered on his trading activities connected to corporate transactions that had not yet been disclosed to the market. Prosecutors had argued that Buyer illegally profited from his access to confidential information about pending business deals.

Buyer served multiple terms representing Indiana's 4th congressional district before leaving office. His conviction was part of a broader federal case examining improper stock trading by individuals with access to material non-public information.

The pardon comes as Trump has issued numerous clemency actions for political allies and supporters during his presidency. The presidential pardon effectively nullifies Buyer's conviction and any remaining legal consequences from the case.