Goldman bosses stock sales caught in SEC error

SEC Building

Several Goldman Sachs leaders have sold stock since February, and the details should be easily searchable on the U.S. Securities and Exchange Commission’s Edgar website.

Bloomberg News reports that they’re not.

While Goldman Sachs makes such filings available on its website, the SEC’s dedicated web page for the company’s insider transactions fails to display seven that have been submitted since February 21. They include Chief of Staff John Rogers’s $4.17 million share sale on August 8 and board member David Viniar’s exercise of 100,000 stock options a week earlier.

The error, spotted by Bloomberg News days after the SEC said that hackers had accessed market-moving information last year, is among myriad flaws plaguing the regulator’s Edgar database. Though the Form 4 filings aren’t visible on the Edgar page that’s supposed to list them, they can still be found with a keyword search on Google, through third-party data providers including Bloomberg LP as well as on Goldman’s website.

Hit the link below to access the complete Bloomberg News article:

SEC's Edgar Fails to Display Goldman Sachs Insider Stock Sales

From Ugly Duckling to En Vogue: Commerzbank Luring Suitors

 

JefferiesAnd the Best Place to Work in the global financial markets 2017 is...

Register for Financial Markets News Alerts