trending Market Intelligence /marketintelligence/en/news-insights/trending/5qPoSa5u1GqpfeMbSV24jQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

NY appeals court reinstates theft conviction of former Goldman Sachs programmer

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory

NY appeals court reinstates theft conviction of former Goldman Sachs programmer

The New York Supreme Court's Appellate Division has reinstated the verdict of a jury that found former Goldman Sachs Group Inc. computer programmer Sergey Aleynikov guilty of stealing high frequency trading code from the investment bank.

The appellate division's ruling reversed a trial court decision that had overturned the initial verdict of the jury. The ruling said the trial court's conclusion that the evidence was not legally sufficient to establish the offense did not take into account that Aleynikov intended to "permanently" exercise control rather than short-term borrowing.

Aleynikov uploaded the source code to a German server, downloaded it onto several personal computing devices and then shared it with his new employer Teza Technologies by placing it into a "repository" account that Teza had created on a third-party website, according to the ruling.

"The trial court's apparent belief that the source code had to have been printed on paper in order to be tangible is at odds with the language of the statute," the ruling said, adding that Aleynikov made "tangible reproduction or representation" of the code. "It would be incongruous to allow defendant to escape criminal liability merely because he made a digital copy of the misappropriated source code instead of printing it onto a piece of paper," the appeals court said.