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Stocks

Wednesday, November 7, 2012

Roswell Man Indicted on Insider Trading Charges

The former head of investor relations for a major children's clothing company was accused of using non-public information for personal gain.

A Roswell man who formerly headed investor relations for a major children's clothing company was indicted on conspiracy, securities and wire fraud in multi-state insider trading schemes. Eric M. Martin, 42, of Roswell, former head of investor relations for Carter’s Inc., was charged by a federal grand jury today in connection with multi-year, multi-state insider trading schemes primarily involving Carter’s stock. The indictment alleges that, during Martin’s employment with Carter’s between 2005 and 2009, he traded in Carter’s stock based on material, non-public information about the company’s quarterly and annual financial results. It claims he tipped a former Wall Street analyst about this and other non-public information in advance of …

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