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2021-07-30

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Ex-Goldman Sachs analyst sentenced to 1 month in prison for insider trading

WASHINGTON, July 29 (Reuters) - A former analyst for Goldman Sachs(GS.N)and a writer for the televis

Ex-Goldman Sachs analyst sentenced to 1 month in prison for insider trading

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Sonoiki will also pay a $5,000 fine, his attorney said.</p>\n<p>Sonoiki was charged in August 2018 with leaking information about pending mergers and acquisitions to Philadelphia Eagles linebacker Mychal Kendricks in exchange for cash and tickets to games. Sonoiki and Kendricks both pleaded guilty in September 2018.</p>\n<p>\"He is disappointed that he has to do some jail time,\" Sonoiki's lawyer Mark Wilson told Reuters. \"He certainly has expressed his remorse for his conduct for some time. He knows it was a huge mistake.\"</p>\n<p>From July 2013 to May 2015, Sonoiki shared details about a merger of advertising firm Publicis with marketing firm Sapient Corp and other pending deals with Kendricks, who then bought shares of the stocks before they rose on news about the deals.</p>\n<p>\"Protecting confidential information is our highest priority and we condemn Mr. Sonoiki's behavior,\" a Goldman spokesperson said.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ex-Goldman Sachs analyst sentenced to 1 month in prison for insider trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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Sonoiki will also pay a $5,000 fine, his attorney said.\nSonoiki was charged in August 2018 with leaking information about pending mergers and acquisitions to Philadelphia Eagles linebacker Mychal Kendricks in exchange for cash and tickets to games. Sonoiki and Kendricks both pleaded guilty in September 2018.\n\"He is disappointed that he has to do some jail time,\" Sonoiki's lawyer Mark Wilson told Reuters. \"He certainly has expressed his remorse for his conduct for some time. He knows it was a huge mistake.\"\nFrom July 2013 to May 2015, Sonoiki shared details about a merger of advertising firm Publicis with marketing firm Sapient Corp and other pending deals with Kendricks, who then bought shares of the stocks before they rose on news about the deals.\n\"Protecting confidential information is our highest priority and we condemn Mr. Sonoiki's behavior,\" a Goldman spokesperson said.","news_type":1,"symbols_score_info":{"GS":0.9}},"isVote":1,"tweetType":1,"viewCount":1079,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":5,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}