Predict your next investment

MOBILE & TELECOMMUNICATIONS | Telecom Services / Data & Broadband
casero.com

See what CB Insights has to offer

Stage

Acquired | Acquired

Total Raised

$5.8M

About Casero

Casero offers a software platform, which aims to allow Broadband Service Providers to offer value added services to their consumer customersHoldings, Ltd.

Casero Headquarter Location

600-20 Toronto Street

Toronto, Ontario, M5C 2B8,

Canada

Latest Casero News

U.S. SEC charges ex-Goldman compliance analyst with insider trading

Sep 29, 2021

Author of the article: Article content NEW YORK — A U.S. regulator on Wednesday charged a former Goldman Sachs Group Inc senior compliance analyst with insider trading, saying he made illegal trades involving banking clients while working in Warsaw, Poland. The U.S. Securities and Exchange Commission said Jose Luis Casero Sanchez, 35, of Spain, learned material nonpublic information about his employer’s clients through his work in a “control room” that tracked pending mergers, acquisitions and financings. We apologize, but this video has failed to load. Try refreshing your browser, or Advertisement Article content Casero’s duties included updating the bank’s confidential “Grey List,” which tracked clients involved in such transactions, according to an SEC complaint filed with the U.S. District Court in Manhattan. The regulator said Casero used brokerage accounts opened in his parents’ names to trade ahead of significant transactions at least 45 times from September 2020 until his May 2021 resignation, reaping nearly $472,000 of profit. Wednesday’s lawsuit does not identify Goldman by name, but identified Goldman clients in whose stocks Casero allegedly traded. At least nine of Casero’s trades related to mergers involving special purpose acquisition companies, the SEC said. “We condemn this egregious behavior, which violates our standards of conduct and business principles,” Goldman said in a statement. “We are fully cooperating with the SEC.” Advertisement Article content Casero did not immediately respond to a request for comment. A lawyer for him could not immediately be identified. The SEC is also seeking an asset freeze against Casero and his parents, both of whom are “relief defendants.” It said all three are Spanish citizens believed to have lived in Granada. According to LinkedIn, Casero worked for UBS Group AG from Feb. 2018 to April 2019, before joining Goldman. He has not since worked at UBS, a person close to the matter said, though LinkedIn said he is “currently” employed there. (Reporting by Jonathan Stempel in New York; Additional reporting by Jody Godoy in New York and Chris Prentice in Washington, D.C.; Editing by Marguerita Choy) Share this article in your social network Share this Story: U.S. SEC charges ex-Goldman compliance analyst with insider trading

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.