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SEC Bars Ex-Goldman Sachs Trader from Securities Industry

August 24, 2016 by Louis Chunovic

The SEC reports that Edwin Chin, the former head trader in residential mortgage-backed securities (RMBS) at Goldman Sachs, has “agreed to be barred from the securities industry and pay $400,000 to settle charges that he repeatedly misled customers and caused them to pay higher prices.” That payment represents $200,000 in disgorgement, $50,000 in prejudgment interest… Read More >>

Filed Under: General Interest, AML/Fraud/Financial Crime, Regulation & Compliance, Industry News Tagged With: Edwin Chin, Financial Crime, fines, Goldman Sachs, residential mortgage backed securities, RMBS, SEC

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