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Crackdown on 'Insider Trading 2.0'

JPMorgan, Goldman, and 16 other firms agree to end analyst previews for elite clients.

By Christie Smythe, Bloomberg | Updated on February 26, 2014

JPMorgan Chase & Co. and Goldman Sachs Group Inc. were among 18 financial firms that agreed to stop participating in some surveys of analyst sentiment while New York investigates early access to the information.

The firms will stop answering analyst surveys by “certain elite, technologically sophisticated clients” seeking to use the information for trading, according to New York Attorney General Eric Schneiderman. The interim pacts are part of efforts to combat advantages secured by investors that get to see potentially market-moving data before other traders.

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