U-M Health System Warns Faculty, Staff In Wake Of $276M Insider Trader Scheme

Ann McClure's picture
Tuesday, November 27, 2012

In the wake of accusations last week that a University of Michigan neurology professor was involved in an insider trading scheme, The University of Michigan Health System sent an email to faculty and staff Saturday reminding them to follow industry and hospital ethical standards, The Michigan Daily reported.

The email did not mention Sidney Gilman, the professor accused of providing the insider information to an investment portfolio manager, but a health system spokesman confirmed that the email was in reference to Gilman, The Daily reported.

The message warned against unlawful release of information that's not public, the newspaper reported.

The university said last week that it is carefully reviewing Gilman's alleged involvement in the case.

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