Former Goldman Analyst Barred by Finra for Insider Trading (2)

Former Goldman Sachs & Co. research analyst Brian Maguire was barred from the securities industry for twice buying stocks after he learned a fellow analyst was upgrading his recommendations.

Maguire bought shares in two companies through undisclosed accounts after seeing internal emails that showed the analyst covering the stocks was raising his ratings from “neutral” to “buy,” according to a Tuesday statement from the Financial Industry Regulatory Authority. Maguire made the purchases in April and June 2020, after the upgrades were approved internally but before research reports announcing the changes were published.

“Insider trading by securities industry professionals erodes ...