Second Tipper in Elan Corporation PLC, Wyeth Insider Trading Case Said to be Prominent N.J. Doctor

Former SAC Capital Advisors LP manager Mathew Martoma, charged with trading on illicit tips on an Alzheimer’s drug, got some of his information from New Jersey physician Joel Ross, two people familiar with the matter said. Ross is the physician identified in the revised indictment against Martoma filed Aug. 22 as Doctor-2, who prosecutors said provided confidential information to Martoma about a drug trial in July 2008, said the people with knowledge of the investigation who weren’t authorized to speak because it isn’t public. Ross, a geriatrician and clinical associate professor of medicine at Mt. Sinai School of Medicine, is the founder and chief executive officer of Memory Enhancement Centers in Eatontown, New Jersey, according to his website.

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