Brijesh Goel asked a judge this week for no prison time and apologized to the bank for his actions, Bloomberg wrote on Thursday. He claimed that being potentially separated from his wife, who is a doctor in New York City, is "punishment enough". 

US District Judge P. Kevin Castel in Manhattan will sentence the Goldman VP on November 1st. 

Prosecutors are "likely" to seek prison time, the report says. His charge carries a maximum penalty of 20 years, though it is "unlikely" he'll get such a sentence. 

Goel remarked: "I failed in my responsibility to adhere to the proper level of care required for guarding non-public material information I received in my position at the firm. I am extremely sorry, first and foremost to Goldman Sachs for failing at the duties I was entrusted with." 

He continued: "The saddest part was that I didn't even need the additional money. I earned a good living and enjoyed a comfortable life. Regardless, I committed a crime and must pay the price."

"A custodial sentence would be a dramatically harsher punishment for Mr. Goel than for a US citizen convicted of the same offenses," his lawyers remarked.