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"For the sixth time, the U.S. government has linked an employee of hedge-fund icon Steven A. Cohen to insider trading while at the firm. For the first time, prosecutors said Cohen had talked with a defendant about the stocks in their complaint, pulling him deeper into one of the biggest investigations of securities fraud in history.Bloomberg reports that Mathew Martoma, a former health-care portfolio manager at a unit of Cohen&amp;rsquo;s $14bn SAC Capital Advisors LP, was charged yesterday with using inside information from a clinical trial of an Alzheimer drug to help the firm reap as much as $276m in profits and averted losses on shares of Elan Corp and Wyeth. Cohen bought the pharmaceutical stocks on recommendations from Martoma and sold them after Martoma was told of disappointing results from the companies&amp;rsquo; tests, prosecutors said. 'This is a significant step forward for the government in their tracing of evidence that seems to be leading to SAC', Thomas Gorman, a partner in Dorsey &amp;amp; Whitney&amp;rsquo;s litigation and enforcement practice group based in Washington, said in an interview. It also 'raises the question of compliance procedures and how well they are policed at SAC'. Martoma&amp;rsquo;s lawyer, Charles Stillman, said he is confident his client will be exonerated. Neither Cohen, 56, nor SAC Capital have been charged with any wrongdoing. 'Mr. Cohen and SAC are confident that they have acted appropriately and will continue to cooperate with the government&amp;rsquo;s inquiry', Jonathan Gasthalter, a spokesman for SAC Capital, said in an e-mailed statement. Hit the link below to access the complete Bloomberg article: SAC&amp;rsquo;s Cohen Pulled Deeper Into Trading Probe by Martoma Insider Crackdown Uses SAC Manager in Healthcare Pivot Brevan Howard on Hiring Spree Makes Comeback in New York &amp;nbsp;And the Best Place to Work in the global financial markets 2015 is..."^^<http://www.w3.org/2001/XMLSchema#string>
<http://www.hitc.com/en-gb/2012/11/21/sacs-cohen-pulled-deeper-into-insider-trading-probe/>