Challenges In Effective Insider Trading Compliance

Law360, New York (September 21, 2009, 1:39 PM EDT) -- On Aug. 24, 2009, the Wall Street Journal published an expose of a practice at Goldman Sachs Group Inc. known internally as the “trading huddle.”[1]

At internal meetings, Goldman analysts would predict short-term stock movements, which often differed from the long-term predictions published in their official research reports. Research department employees would call favored clients with the predictions.

In addition, Goldman proprietary traders could attend the meetings and could trade on the information after the clients had their opportunity.

The article did not call this practice...
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