People with direct knowledge of the situation said that his departure was due to an internal policy breach, and not due to unsubstantiated allegations of insider trading, as some market sources had suggested.
Internal policy rules typically set guidelines on such things as disclosures of personal account trading and the operation of Chinese walls. Goldman Sachs declined to comment. Connors was made a partner of the firm in October 2008.
According to some people that have worked with Connors, he is known as an aggressive salesman and has specialized in servicing hedge fund clients in the past.
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