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Goldman Sachs analyst barred from brokerage industry for insider trading

( April 20, 2021, 17:44 GMT | Official Statement) -- MLex Summary: Goldman Sachs research analyst Brian Maguire was barred from the brokerage sector by the Financial Industry Regulatory Authority for alleged insider trading in two companies that the Wall Street giant was about to upgrade, and for lying about his trading. Finra, the industry self-regulator, said Maguire bought $850,000 of shares in the companies last year after getting internal emails that a colleague at the firm would soon raise the companies’ ratings. Both companies’ shares rose after the ratings became public.Statement follows in full. Also see document below. ...

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