Prosecutors Say Two Tipped SAC's Steinberg On Intel

Sep 20 2013 | 10:21am ET

Federal prosecutors have identified two alleged sources of insider information to SAC Capital Advisors portfolio manager Michael Steinberg.

Lacey Higgins, a supply-demand analyst at Intel Corp., and Mark Lipacis of Jefferies & Co. passed confidential information about Intel to Steinberg, prosecutors said in a bill of particulars this week. The document names 15 co-conspirators, most of whose names have appeared in other insider-trading cases.

Higgins allegedly tipped Steinberg from 2006 through 2009. Before joining Jefferies in San Francisco, Lipacis worked at Morgan Stanley and Prudential Equity Group.

Steinberg's trial is set to begin on Nov. 18.


Lifestyle

Survey: Wall Street Banks Still Top Silicon Valley, Hedge Funds for Freshly-Minted MBAs

Jun 21 2016 | 9:01pm ET

Contrary to concerns that Wall Street isn't as appealing to new graduates as it...

Guest Contributor

The Future of the Blockchain in Financial Services Communications

Jun 17 2016 | 1:05pm ET

Over the past year, a large portion of the financial services industry has awakened...