Head Investor Charged With Securities Fraud
The head of investor relations for the children’s clothing company Carter’s Inc. has been indicted on a number of investor and securities fraud charges by a U.S. attorney’s office in Atlanta.
Forty-two-year-old Roswell, GA resident Eric M. Martin was charged this week with conspiracy, securities fraud, and wire fraud for his role in an alleged insider trading scheme that involved Carter’s stock. Between 2005 and 2009. Martin allegedly used non-public information regarding the company's financial results for advice he gave to a former Wall Street analyst.
The insider trading scheme centered around the use of information regarding Carter’s stock that had not yet been made public, and took place across a number of different states, the Associated Press reported.
A civil action lawsuit alleging insider training was eventually filed against Martin this summer. The case is still pending.