A former banker with Goldman Sachs Group Inc. has been charged with insider trading.
A seven-count criminal complaint revealed that Goldman Vice President Woojae "Steve" Jung has been charged with trading with an unnamed co-conspirator on material non-public information he accessed while working in New York and San Francisco.
"We are aware of the situation regarding Mr. Jung and are cooperating with legal authorities on the matter," Goldman Sachs (NYSE: GS) said in a statement.
