A Bad Omen When Goldman Sachs’ Compliance Staff Is Charged With Insider Trading

‘Perhaps Goldman Sachs needs to hire compliance staff to monitor its compliance staff.

That’s the takeaway after reading insider trading charges the Securities and Exchange Commission has leveled against a former associate in Goldman’s compliance division, who monitored activity in the firm’s vaunted investment banking unit. Instead of using their seat at Goldman to defend against potential illegal activity amid today’s steady clip of merger deals, the associate is accused of using it to commit crimes.’

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