Ex-Microsoft official charged with insider trading

Comment on this story



A sign for the Securities and Exchange Commission (SEC).

San Francisco - US Federal authorities filed insider trading charges Thursday against a former senior Microsoft manager, accusing him and an accomplice of profiting almost 400,000 dollars by trading on confidential information about the software giant.

The charges were unveiled by the US Attorney's office in Washington and the Securities and Exchange Commission.

The claimed that Microsoft portfolio manager Brian Jorgenson tipped off his friend Sean Stokker about upcoming announcements, including quarterly earnings reports in July and October 2013.

The two face civil charges as well as up to 20 years in jail.

Microsoft said it fired Jorgenson once the insider trading was discovered. - Sapa-dpa

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.


Join us on

IOL-Social networks IOL-Social networks IOL-Social networks IOL-Social networks