Goldman banker charged with insider trading

FAN Editor

A Goldman Sachs banker has been charged with insider trading.

A seven-count criminal complaint unsealed Thursday charged Woojae “Steve” Jung with trading with an unnamed co-conspirator on material non-public information he accessed while working at an investment bank with offices in New York and San Francisco.

The complaint did not mention the bank by name, but the only FINRA record for a Woojae Jung lists Goldman Sachs as the employer. A LinkedIn profile page for a Steve Woojae Jung states he is vice president, investment banking, at Goldman Sachs.

Goldman had no immediate comment to CNBC.

WR Grace, SanDisk, KLA-Tencor and Microsemi are among the stocks allegedly involved in the insider trading scheme, the court documents showed.

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