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

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.

Author: Dexter Johnson

The author is a an attorney who for the past 14 years has concentrated his practice in representing, successfully, investment advisers, broker-dealers, corporations and individuals who are subject to SEC, FINRA, State or other regulations and who may be the subject of regulatory examination, review or investigation. He formerly worked at the SEC. His regulatory and litigation experience has encompassed virtually every type of securities issue in the industry. He has also negotiated favorable outcomes in many of these matters for his clients.