Posey, 53, of Duluth, was sentenced to a year in prison and ordered to pay $750,000 in restitution.
Mark Megalli, 42, a former portfolio manager at hedge fund Level Global in New York, was sentenced to a year in prison and to pay $50,000 restitution. Investigators said Megalli used information from Martin to profit from multimillion-dollar trades of Carters stock.
In May, a federal grand jury indicted another New Jersey hedge fund manager, Steven E. Slawson, co-founder of Titan Capital Management, of insider trading involving Carter’s stock. His case is pending.