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- Sarah ten Siethoff is New Associate Director of SEC Investment Management Rulemaking Office
- Catherine Keating Appointed CEO of BNY Mellon Wealth Management
- Credit Suisse to Pay $47Mn to Resolve DOJ Asia Probe
- SEC Chair Clayton Goes 'Hat in Hand' Before Congress on 2019 Budget Request
- SEC's Opening Remarks to the Elder Justice Coordinating Council
- Massachusetts Jury Convicts CA Attorney of Securities Fraud
- Deutsche Bank Says 3 Senior Investment Bankers to Leave Firm
- World’s Biggest Hedge Fund Reportedly ‘Bearish On Financial Assets’
- SEC Fines Constant Contact, Popular Email Marketer, for Overstating Subscriber Numbers
- SocGen Agrees to Pay $1.3 Billion to End Libya, Libor Probes
- Cryptocurrency Exchange Bitfinex Briefly Halts Trading After Cyber Attack
- SEC Names Valerie Szczepanik Senior Advisor for Digital Assets and Innovation
- SEC Modernizes Delivery of Fund Reports, Seeks Public Feedback on Improving Fund Disclosure
- NYSE Says SEC Plan to Limit Exchange Rebates Would Hurt Investors
- Deutsche Bank faces another challenge with Fed stress test
- Former JPMorgan Broker Files racial discrimination suit against company
- $3.3Mn Winning Bid for Lunch with Warren Buffett
- Julie Erhardt is SEC's New Acting Chief Risk Officer
- Chyhe Becker is SEC's New Acting Chief Economist, Acting Director of Economic and Risk Analysis Division
- Getting a Handle on Virtual Currencies - FINRA
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NEWSLETTERS & ALERTS
Ex-Goldman Sachs Banker Pleads Guilty to Insider Trading
[Photo: Goldman Sachs Headquarters, by Julia La Roche / Business Insider]
Woojae “Steve” Jung, a former vice president with Goldman Sachs, pleaded guilty to engaging in insider trading based on non-public information six months after being arrested. He now will forfeit $130M in illegal profits and serve a prison sentence of 18 to 24 months. Civil charges filed by the SEC are still pending.
Jung, 37, is a South Korean citizen who resides in San Francisco, CA. He joined Goldman Sachs in July 2012, after graduating from Wharton Business School. He worked in the New York office as an investment banking associate until July 2015, at which time he moved to Goldman’s west coast office, where he served as a Vice President of Investment Banking.
Jung was arrested in May 2018 on charges (at the time) that he made $140,000 in illegal profits by trading through an undisclosed Interactive Brokers account. Goldman promptly U5'd Jung. [For the original story, click on Financialish 5/31/18.]