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US charges ex-Goldman employee with insider trading

November 26, 2015 | By | Reply More

US charges ex-Goldman employee with insider tradingUS securities regulators have filed charges against an ex-Goldman Sachs information technology employee who allegedly made more than $ 460,000 in illegal insider trades before fleeing to China, officials announced Wednesday. Yue Han, 30, pocketed the money after trading stock options on four companies advised by Goldman investment bankers on impending buyout offers, according to charges filed Tuesday by the US Securities and Exchange Commission (SEC). Han gained access to bankers’ email accounts because his job entailed developing surveillance software designed to monitor other employees for misconduct such as insider trading.

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