FINRA, SEC Fine Goldman $22M for ‘Trading Huddles’

April 13th, 2012 | 4:45pm
Posted by Kristin Williams 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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