Ex-Goldman Employee Accused Of ETF Insider Trading

Law360, New York (September 21, 2011, 4:44 PM EDT) -- The U.S. Securities and Exchange Commission on Wednesday accused a former Goldman Sachs Group Inc. employee and his father of trading off Goldman's confidential trading strategies concerning exchange-traded funds, the first time the regulator has launched an enforcement action involving ETFs.

The SEC says that Spencer D. Mindlin, who worked on Goldman's ETF desk until he resigned in August 2009, obtained nonpublic details about the investment bank's plans to purchase and sell large amounts of ETF securities and tipped off his father, Alfred C. Mindlin, an...
To view the full article, register now.