Microsoft manager charged with insider trading

The Securities and Exchange Commission is charging a senior Microsoft manager with insider trading. Brian Jorgenson, a senior portfolio manager at Microsoft, has admitted he tipped his friend, Sean Stokke, about Microsoft’s Barnes & Noble deal, allowing him to make money on the stock market. In an interview with The Seattle Times, Jorgenson estimates Stokke, his friend, made more than $200,000 and Jorgenson pocketed $40,000 for the information. "Abusing access to Microsoft’s confidential information and generating unlawful trading profits is not a wise or legal business model for starting a hedge fund," says SEC spokesperson Daniel Hawke. "We thwarted the misguided plans of Jorgenson and Stokke as they sought to illegally profit...

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