(Corrects to remove "former" from headline and paragraph 1)
March 29 Michael Steinberg, a portfolio manager
at SAC Capital Advisors, was arrested by the Federal Bureau of
Investigation at his residence in New York City early Friday
morning in connection with an insider trading investigation, a
FBI spokesman said.
Federal prosecutors were close to indicting Steinberg on
charges that he traded on inside information on Dell Inc
stock, sources close to the matter said on Thursday.
(Reporting by Sruthi Ramakrishnan in Bangalore; Editing by