Insider Trading

Prosecutors Charge Stock Analyst in SAC Case

Campaign against insider trading

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Continuing its relentless campaign against insider trading, federal authorities on Tuesday announced criminal charges against a former stock research analyst in a case connected to last week's indictment of the hedge fund SAC Capital Advisors.

Sandeep Aggarwal, a former technology analyst at Collins Stewart, a research firm that has since become part of Cannacord Genuity, was charged with leaking secret information about a joint venture between Microsoft and Yahoo to at least two different hedge funds, including SAC.