The Securities and Exchange Commission (SEC) on Wednesday charged a former senior compliance analyst at Goldman Sachs who abused his position of authority unbeknownst to the investment bank with insider trading.
According to the SEC’s complaint, filed in the U.S. District Court for the Southern District of New York, Jose Luis Casero Sanchez, a Spanish national, reaped hundreds of thousands of dollars in illegal trading profits. The agency did not identify Goldman Sachs by name but did list some of the firm’s clients whose stocks Sanchez allegedly traded.
