Microsoft Corporation (MSFT) Exec Faces Insider-Trading Charges

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Microsoft Corporation (MSFT) Exec Faces Insider-Trading Charges
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Recently, the Securities and Exchange Commission (SEC) charged a senior Microsoft Corp. (MSFT) employee of insider-trading. The executive, Brian Jorgenson and his business partner Sean Stokke have been accused of utilizing confidential information regarding Microsoft’s investment in bookseller Barnes & Noble (BKS).

Insider-trading is considered to be an offense in the U.S. and carries a penalty of up to 20 years of imprisonment and a fine of up to USD 5.0 million. Jorgenson and Stokke are charged with violating Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5, both directly and pursuant to 20(d) of the Exchange Act.

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