Ex-Goldman professional sued for insider trading

Goldman Sachs Blink

A Goldman Sachs employee hired to develop surveillance systems to detect illegal behaviour was sued by the SEC for allegedly helping himself to inside information and trading on it.

Bloomberg News reports that the U.S. Securities and Exchange Commission said Yue Han exploited his access to the firm’s information systems to make more than $468,000 using his personal trading account and that of a relative.

Han, a Chinese citizen also known as 'John Han', worked in a compliance division developing surveillance models to identify 'potential risk behaviour' including market manipulation and insider trading, according to the complaint filed Tuesday in Manhattan federal court. He had access to the e-mails of Goldman Sachs employees who worked on confidential mergers and acquisition transactions, according to the the agency.

To access the complete Bloomberg News article hit the link below:

Ex-Goldman Compliance Worker Sued by SEC for Insider Trading

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