Joshua FranklinA former Goldman Sachs banker was accused by US authorities of passing sensitive market information to his squash partner, in one of a series of insider trading cases announced by federal prosecutors in Manhattan on Monday.
The SEC said the alleged scheme started in 2017 and netted Mr Goel and Akshay Niranjan, a 33-year-old foreign exchange trader in New York, $291,735 in profits. The two were friends from graduate school and played squash together, the SEC said. “The firm condemns such behaviour, which violates our standards of conduct and business principles. We are fully co-operating with the SEC and the Department of Justice ,” Goldman said.
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