Goldman Sachs restricts its bankers

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Goldman Sachs Group Inc has tightened rules on investments its bankers can make in individual stocks and bonds, a company spokesman said on Friday.

Reuters reports that Goldman's decision, announced internally on Friday, also bars bankers from investing in activist or event-driven hedge funds, Andrew Williams, a Goldman Sachs spokesman, told Reuters.

The rule will be effective immediately, he said.

A source familiar with the situation said the bank's new rules on Friday were in the works for some time and were unrelated to the Segarra case.

Hit the link below to access the complete Reuters article:

Goldman tightens conflict-of-interest rules

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