The disclosures in Paul and Lashgari’s Finra employment files are rare. A review of Finra’s database shows accusations against only about 70 brokers terminated from Goldman in the past decade, according to SLCG Economic Consulting. Among those, only Lashgari and Paul were accused of improperly accessing proprietary information.
“After making hundreds of millions of dollars in profit for Goldman, it would have been nice for Sina and JP to have received a ‘thank you’ and a goodbye handshake,” said Pechman, their lawyer. “Goldman unfairly viewed JP’s and Sina’s departures as a betrayal of biblical proportions.”
--With assistance from Noah Buhayar.
This article was provided by Bloomberg News.