On July 9, local time, Goldman Sachs Group recently updated its individual transaction policy, which strictly prohibits employees from trading “event contracts” such as specific companies, election results, or financial market performance in predicting the market. Currently, the bank only allows employees to bet on sports and entertainment games. According to Goldman Sachs's latest policy document, if employees repeatedly violate the trading ban, they may face the penalty of being fired or their trading account forcibly closed. Additionally, for improper transactions, Goldman Sachs has the right to require employees to give up profits over $200 or donate them to charity.

On July 9, local time, Goldman Sachs Group recently updated its individual transaction policy, which strictly prohibits employees from trading “event contracts” such as specific companies, election results, or financial market performance in predicting the market. Currently, the bank only allows employees to bet on sports and entertainment games. According to Goldman Sachs's latest policy document, if employees repeatedly violate the trading ban, they may face the penalty of being fired or their trading account forcibly closed. Additionally, for improper transactions, Goldman Sachs has the right to require employees to give up profits over $200 or donate them to charity.