Ex-SAC Trader Martoma Floored Doctor With His Knowledge

Mani

Published onJanuary 16, 2014

Updated on May 13, 2021

A doctor testifying in the insider trading trial of former Ex-SAC trader Martoma said that he was flabbergasted that the trader appeared to already know results from a drug trial.

Joel Ross, a New Jersey doctor, told jurors in federal court that Martoma quoted ‘exact numbers’ to him during a 2008 meeting.

Martoma accused of using insider information

Martoma, a former manager at SAC’s Intrinsic unit, is accused of using insider information on clinical trials of an Alzheimer’s disease drug to earn a profit and avoid losses for a combined...

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Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

Ex-SAC Trader Martoma Floored Doctor With His Knowledge

Martoma accused of using insider information

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