Friday, November 27, 2015

Ex-Goldman Sachs employee charged with insider trading

A former Goldman Sachs (GS) employee stole confidential information from the Wall Street powerhouse's email system and used it to generate more than $460,000 in illicit insider-trading profits, the Securities and Exchange Commission said Wednesday.

Yue Han, 30, who also uses the name John Hahn, started work at Goldman Sachs in late 2014 in a group assigned to improve the company's ability to identify insider-trading and other misconduct by conducting surveillance of employee emails, the SEC said.

Instead, Han allegedly used his access to emails of Goldman investment banking employees to review and trade on secret information about pending mergers and acquisitions in which his employer represented one of the firms involved.

http://www.usatoday.com/story/money/2015/11/25/ex-goldman-sachs-employee-charged-insider-trading/76373370/

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