Goldman Sachs investment banker charged in insider trading scheme

Oct 19 (Reuters) - A Goldman Sachs Group Inc investment banker has been released on bond and placed on leave by the firm after allegedly being involved in an insider trading scheme.

Bryan Cohen, a vice president at Goldman Sachs who works in the Consumer Retail industry group, was arrested early Friday on charges of conspiracy to commit securities fraud. He was also sued by the U.S. Securities and Exchange Commission and accused of improperly using insider information about impending corporate deals.

Cohen is the third Goldman Sachs employee to be charged in an insider trading scheme since May 2018.

https://www.reuters.com/article/goldman-sachs-insidertrading/update-1-goldman-sachs-investment-banker-charged-in-insider-trading-scheme-idUSL2N2740CR