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Microsoft ex-manager charged with insider trading

DPA San Francisco | Updated on November 25, 2017

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Federal authorities filed insider trading charges on Thursday against a former senior Microsoft manager, accusing him and an accomplice of profiting almost $400,000 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.

Published on December 20, 2013

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