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Goldman Sachs Settles With SEC After Sharing Confidential Research (GS)
WASHINGTON (AP) — Goldman Sachs has agreed to pay $22 million to settle regulatory charges that its analysts shared confidential research with favored clients.
The regulators alleged that Goldman analysts had weekly "huddles" from 2006 to 2011 where they discussed confidential research on stocks with the firm's traders. The analysts then passed on the ideas to a select group of top clients, the regulators said.
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Goldman Sachs banker settles SEC ‘pay-to-play’ charges
WASHINGTON (Reuters) - Former Goldman Sachs banker Neil Morrison agreed to pay $100,000 to settle charges for his role in a pay-to-play scheme involving a Massachusetts gubernatorial campaign, the largest such penalty paid by an ind... Read Post
Goldman Sachs Fined $22 Million For Favoring Select Clients
Goldman Sachs agreed to settle charges that its equity analysts met during weekly "huddles" with the firm's traders about investment ideas that were then shared with a select group of top clients. Read Post
Goldman Sachs paying $22M to settle SEC charges
Goldman Sachs Group Inc. has agreed to pay $22 million to settle regulatory charges that its analysts shared confidential research with favored clients. The regulators alleged that Goldman analysts had weekly "huddles" from 2006 to ... Read Post