-
FINRA bars Goldman Sachs analyst Brian Maguire for Insider Trading
US brokerage industry regulator FINRA (The Financial Industry Regulatory Authority) has announced that it has barred former Goldman Sachs & Co. research analyst Brian Maguire for insider trading. FINRA said that Mr. Maguire twice purchased securities after he learned a fellow analyst was upgrading his recommendation in impending research reports. He was also found to be lying to FINRA staff about his trading. Jessica Hopper, Executive Vice President and Head of FINRA’s Department of Enforcement, said, “Insider trading by securities industry professionals erodes the public trust in our capital markets. FINRA ... (full story)