Ex-Goldman Analyst Used Insider Data to Trade on ARM, FCA Says

An ex-Goldman Sachs Group Inc. analyst bought shares in ARM Holdings Plc an hour after he received confidential information linked to Softbank Group Corp’s plan to buy the chipmaker in 2016, prosecutors told the London jury in an insider dealing trial.

Mohammed Zina used insider information while working at Goldman’s Conflicts Resolution Group to trade in six stocks, including ARM, reaping more than £140,000 ($176,860) in profit, the lawyers alleged.

“A couple of days later we have the official announcement at 7 o’clock before the markets open,” Peter Carter, the lead prosecutor, said in court on Monday about ...