NEW YORK, March 29 Michael Steinberg, a
portfolio manager at Steven A. Cohen's $15 billion hedge fund
SAC Capital Advisors, was indicted Friday as part of a
long-running insider-trading investigation.
Steinberg, 40, was indicted on one count of conspiracy to
commit securities fraud and four counts of securities fraud. The
indictment accused Steinberg of executing trades in shares of
Dell Inc and Nvidia Corp based on non-public
Steinberg was arrested Friday morning, an FBI spokesman
said. The U.S. Securities and Exchange Commission separately
Friday filed a civil lawsuit against Steinberg.