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Wall Street

Wednesday, December 19, 2012

Former Carter's VP pleads guilty to insider trading conspiracy

Roswell man for the Midtown-based company convicted of tipping former Wall Street analyst between 2005 and 2009.

Eric M. Martin, 42, of Roswell, former head of investor relations for Carter’s, Inc., the major children’s clothing company, pleaded guilty Tuesday to conspiracy to commit securities fraud and wire fraud in connection with a multi-year, multi-state insider trading conspiracy primarily involving Carter’s stock.  Martin was convicted of tipping a former Wall Street analyst about Carter’s quarterly and annual financial results and other material, non-public information in advance of the public announcement of the information during Martin’s employment with Carter’s between 2005 and 2009. Carter’s, Inc., which is located at 1170 Peachtree Street in The Proscenium building in Midtown, makes OshKosh B’gosh branded apparel.   “This conviction is …

Thursday, November 8, 2012

Former Carter's Inc VP indicted in insider trading schemes

Roswell man for the Midtown-based company allegedly traded on inside information and tipped former Wall Street analyst between 2005 and 2009

The former head of investor relations of a Midtown-based children’s clothing company was indicted Wednesday by a federal grand jury on charges of conspiracy, securities fraud, and wire fraud in connection with multi-year, multi-state insider trading schemes primarily involving Carter’s, Inc., stock.  Carter’s, Inc., which is located at 1170 Peachtree Street in the Proscenium Building in Midtown, makes OshKosh B’gosh branded apparel. If found guilty, the conspiracy and securities fraud charges against Eric M. Martin, 42, of Roswell, each carry a maximum sentence of 25 years in prison and a fine of up to $250,000. The wire fraud charges each carry a maximum sentence of 20 years in prison and a fine of up to $250,000.  The indictment alleges …

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