Yue Han, also known as ‘John Han’, is alleged to have made over $450,000 using his personal trading account and that of a relative, according to the SEC. It claimed Mr Han exploited his access to the firm’s information systems and began trading in securities of Yodlee, Zulily, Rentrak and KLA-Tencor  shortly before each publicly announced merger and acquisition transactions. He left Goldman Sachs  on 9 October departing from New York City for Shanghai a few weeks later.

‘Pleased authorities are pursuing action’

‘If the allegations are true, Han violated our trust and ignored extensive training that he received, so we are pleased that the authorities are pursuing action against him,’ Michael DuVally, a spokesman for Goldman Sachs, said in a statement. Source: Bloomberg BNA