SEC charges ex-Goldman compliance analyst with insider trading


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Government says it did illegal business involving banking customers while working in Warsaw, Poland

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NEW YORK – A US regulator on Wednesday accused a former Goldman Sachs Group Inc senior compliance analyst with insider trading, saying he conducted illegal trading involving banking clients while working in Warsaw, Poland.

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The US Securities and Exchange Commission said 35-year-old José Luis Casaro Sanchez of Spain obtained non-public information about his employer’s clients through his work in a “control room” that could handle pending mergers, acquisitions and funding. used to track


According to an SEC complaint filed in US District Court in Manhattan, Caesaro’s duties included updating the bank’s confidential “grey list” that tracks customers involved in such transactions.

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The regulator said Casero used brokerage accounts opened in its parent’s name to pre-trade significant transactions at least 45 times from September 2020 until its May 2021 resignation, generating profits of approximately $472,000 .

Wednesday’s lawsuit does not identify Goldman by name, but does identify Goldman clients whose shares Caesaro allegedly traded.

The SEC said that at least nine trades of Caesaro related to the merger involving special purpose acquisition companies.

“We condemn this reprehensible behavior that violates our standards of conduct and business principles,” Goldman said in a statement. “We are cooperating fully with the SEC.”

Casaro did not immediately respond to a request for comment. A lawyer for them could not be immediately identified.

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The SEC is also seeking to freeze assets against Cassaro and his parents, both of whom are “relief defendants.” It said all three are Spanish citizens who are believed to have lived in Granada.

According to LinkedIn, Casaro worked for UBS Group AG from 2018 to April 2019 before joining Goldman. He has not worked at UBS since then, a person close to the matter said, although LinkedIn said he is “currently” employed there.

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