Goldman Sachs’ (GS) shares dipped more than 3.5 percent in early Monday trading, the most intraday since May 18, amid investor fears the bank may be the focus of a 3-year investigation into possible insider-trading networks. According to a WSJ report, the SEC and U.S. Department of Justice are nearing the end of wide-ranging insider trading probe, which includes whether Goldman Sachs bankers divulged information about health-care acquisitions and other transactions.
The Journal notes however, that the inquiry involves several low-level Goldman employees, not executives.
Goldman shares were down $5.75, or 3.52%, at 12:25 p.m. EST, in trading on the New York Stock Exchange, outpacing many of its key rivals and SPX.
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