FINRA, SEC Fine Goldman $22M for ‘Trading Huddles’
April 13th, 2012 | 4:45pmPosted by in Regulatory Guidance
The SEC and FINRA have reached a settlement with Goldman Sachs regarding the bank’s failure to supervise its employees participation in the firm’s “trading huddles.” As a result, Goldman will pay $11 million in fines to both the SEC and FINRA. Goldman consented to the fines without admitting or denying the findings. Read more here.
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