Goldman Analyst Insider Trading Probe–WSJ
As the desire of federal officials to attack insider trading turns onto a slew of investigations, a Goldman Sachs tech analyst may have been caught in the growing net. According to WSJ Federal criminal authorities are investigating whether a Goldman Sachs…
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
As the desire of federal officials to attack insider trading turns onto a slew of investigations, a Goldman Sachs tech analyst may have been caught in the growing net.
Federal criminal authorities are investigating whether a Goldman Sachs Group Inc. technology analyst leaked inside information to hedge funds, adding a new angle to a broadening insider-trading probe, people close to the situation say.
The development takes the insider-trading investigation inside the research operation of a major Wall Street firm for the first time. It involves Henry King, a high-profile analyst well-known among technology investors for prescient calls on tech firms, the people say.
Based on the paper’s assessment, for now, the existence of the probe is hardly more than a rumor
Contact [email protected] for any questions or corrections.
Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.
His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.
A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.
