Former Goldman Sachs Employee Teaches Us How To Front-Run Goldman In 10 Easy Steps (GS)

  x You have successfully emailed the post. Anyone who has seen HBO's The Wire (or read this) knows that it's best not to discuss your illegal activities over the phone.

Allegedly, Spencer Mindlin wasn't one of those people. 

Now thanks to his alleged activities, we know how to front-run Goldman Sachs. (But of course, we'd have to be employees or otherwise know of Goldman's upcoming trades to actually do it.)

Background: the SEC recently filed insider trading charges against Mindlin for trades he made while he was an employee at Goldman Sachs.  According to the allegations, Mindlin and his father made $57,000 by taking positions in securities underlying the SPDR S&P Retail ETF (XRT) with knowledge that Goldman Sachs would later make market moving trades on those same securities.

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