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Goldman prohibits bankers from buying individual stocks

Adam Jeffery | CNBC

Goldman Sachs Group Inc. on Friday moved to tighten its conflict-of-interest policy. The Wall Street titan will no longer allow its investment bankers to trade individual stocks and bonds.

Bloomberg News first reported the news, which Goldman officials confirmed to CNBC.

Employees were told of the change Friday.

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—Ryan Ruggiero contributed reporting.