FINRA, SEC Fine Goldman $22M for ‘Trading Huddles’April 13th, 2012 | 4:45pm
Posted 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.