Friday, 29 May 2015
Last updated 2 hours ago
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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…