Goldman Sachs vice president charged with insider trading

The US Securities and Exchange Commission on Thursday charged a vice president at Goldman Sachs Group Inc with insider trading.

Goldman Sachs vice president charged with insider trading
Reuters Photo

The US Securities and Exchange Commission on Thursday charged a vice president at Goldman Sachs Group Inc with insider trading.

In a complaint filed in Manhattan federal court, the SEC said Woojae Jung, 37, used confidential information to trade in the securities of 12 companies that were advised by the investment bank, making an illegal profit of more than $140,000.

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