Man, times must be getting hard. Charged for profiting on less than $200k? There was an era when the SEC didn't blink an eye unless you made a few million from insider trading (i.e. before 2007)
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Goldman Sachs Vice President Charged With Insider Trading
- Thread starter dealmaker
- Start date
so, question, how does this bloke's future life looks like now?
time for him to change sectors? Hugh?
Well considering he's a South Korean citizen, he might get deported back to SK to serve jail there unless US absolutely wants him to serve his time in the US. So his future life is going to be Shawshank Redemption for a while.
$362? This whole thing is just dumb. How much did they spend in resources trying to catch him I wonder?
It's just a message to others to use a damn vpn service and make some losing trades once in a while.
$362? This whole thing is just dumb. How much did they spend in resources trying to catch him I wonder?
Apparently he made $130K using the insider knowledge. That $362 was just in the beginning. I guess he wanted to stay under the radar. This article's even got a picture of him. Yay joy!
http://fortune.com/2018/06/01/goldman-sachs-steve-jung-insider-trading-sec/