Violation Tracker Individual Record

Company: 
Goldman Sachs & Co.
Current Parent Company: 
Goldman Sachs
Penalty: 
$22,000,000
Primary Offense: 
financial institution supervision failures
Secondary Offense: 
securities issuance or trading violation
Violation Description: 

The Securities and Exchange Commission announced that Goldman Sachs settled allegations that it lacked adequate policies and procedures to address the risk that during weekly "huddles," the firm's analysts could share material, nonpublic information about upcoming research changes. Huddles were a practice where Goldman's stock research analysts met to provide their best trading ideas to firm traders and later passed them on to a select group of top clients.

Year: 
2012
Agency: 
Securities and Exchange Commission
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
New York
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.