The Securities and Exchange Commission today charged a senior portfolio manager at Microsoft Corporation and his friend and business partner with insider trading ahead of company announcements. The SEC alleges that Brian D. Jorgenson, who lives in Lynwood, Wash., obtained confidential information about upcoming company news through his work in Microsoft’s corporate finance and investments division.  Jorgenson tipped Sean T. Stokke of Seattle in advance of the Microsoft announcements, the most recent occurring in October.  After Stokke traded on the inside information that Jorgenson provided, the two equally split the illicit profits in their shared brokerage accounts.  They made joint trading decisions with the goal of generating enough profits to create their own hedge fund. In a parallel action, the U.S. Attorney’s Office for the Western District of Washington today announced criminal charges against Jorgenson and Stokke. “Abusing access to Microsoft’s confidential information and generating unlawful trading profits is not ...

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Microsoft recently made a legally required filing with the U.S. Securities and Exchange Commission (SEC)  which lists some interesting information on where Steven Sinofsky can and cannot work until the end of 2013.  You may recall Sinofsky and Microsoft parted ways last November, shortly after the launch of Windows 8.  The seven companies Sinofsky cannot work for currently are Amazon, Apple, EMC, Facebook, Google, Oracle, and VMWare.  The list shows some insight into what companies Microsoft considers its biggest threats. It’s in Sinofsky’s best interest to follow this agreement with Microsoft as he is set to receive a $14 million retirement package from the company.  It will be interesting to watch where Sinofsky ends up working in 2014.  Parts of retirement agreement with Microsoft extend to 2017.  We may have to wait a few more years until learning the full story behind Microsoft’s and Sinofsky’s divorce. Source: SEC via GigaOM ...

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