The U.S. Attorney’s Office for the Western District of Washington and the Securities and Exchange Commission have lodged criminal and civil enforcement actions against a former senior portfolio manager at Microsoft and his friend, alleging insider trading.
They also accuse the two of planning to use their illegal gains to launch a hedge fund.
Microsoft terminated Brian D. Jorgenson upon learning of the charges. Jorgenson has since gone public with his side of the story, admitting to tipping off his friend, Sean T. Stokke, a day trader, to proprietary information.
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The Devil Made Ex-Microsoft Exec Do Insider Trading
Posted by: Erika Morphy December 21, 2013 04:00 AMThe U.S. Attorney’s Office for the Western District of Washington and the Securities and Exchange Commission have lodged criminal and civil enforcement actions against a former senior portfolio manager at Microsoft and his friend, alleging insider trading.
They also accuse the two of planning to use their illegal gains to launch a hedge fund.
Microsoft terminated Brian D. Jorgenson upon learning of the charges. Jorgenson has since gone public with his side of the story, admitting to tipping off his friend, Sean T. Stokke, a day trader, to proprietary information.