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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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Huddle probe costs Goldman Sachs $10 million

Business & Finance : Business Insider: Money Game (4 years ago)

Goldman Sachs has agreed to end the practice of sharing short-term trading ideas generated from its ‘huddles’ between Goldman analysts and traders with a few favored clients.In addition, the Wall Street firm agreed to a $10 mn fine ... Read Post

Goldman Sachs Fined $22 Million For Favoring Select Clients

Business & Finance : Working Capital (3 years ago)

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

United States / New York : Crain's New York Business (3 years ago)

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


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