BUSINESS

Ex-Microsoft Employee Charged With Insider Trading

The Microsoft Corp. logo is displayed at a launch event for the company's Windows 8.1 operating system in Tokyo, Japan, on Fr
The Microsoft Corp. logo is displayed at a launch event for the company's Windows 8.1 operating system in Tokyo, Japan, on Friday, Oct. 18, 2013. Microsoft Chief Executive Officer Steve Ballmer, who will be retiring within a year, said the company is still working to make sure that the personal computer remains relevant as 'the device of choice.' Photographer: Kiyoshi Ota/Bloomberg via Getty Images

SEATTLE (Reuters) - The U.S. Department of Justice and the Securities and Exchange Commission both charged two Seattle men on Thursday with 35 counts of insider trading relating to Microsoft Corp options.

One of the men, Brian Jorgenson, was a senior portfolio manager at Microsoft, but is no longer employed by the company. He and Sean Stokke, an online trader, were due to appear in federal court in Seattle on Thursday afternoon.

"Our company has zero tolerance for insider trading. We helped the government with its investigation and terminated the employee," Microsoft said in an emailed statement, referring to Jorgenson.

(Reporting by Bill Rigby; Editing by Leslie Gevirtz)

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