Former Carter's Executive Accused Of Insider Trading

ROSWELL, Ga. (AP) - A former executive with children's clothing company Carter's, Inc., has been indicted on charges related to insider trading.

The U.S. attorney's office in Atlanta says 42-year-old Eric M. Martin of Roswell was charged Wednesday with conspiracy, securities fraud, and wire fraud in connection with multi-year, multi-state insider trading schemes primarily involving Carter's stock.

A lawyer for Martin did not immediately return a call seeking comment.

The indictment says he traded stock between 2005 and 2009 based on non-public information about the company's financial results and shared tips with a former Wall Street analyst before Carter's released the information publicly. He was head of investor relations at the time.

The Securities and Exchange Commission in August filed a civil action against Martin for allegations of insider trading. That case is pending.