Violation Tracker Individual Record
Company:
Goldman Sachs & Co.
Current Parent Company:
Goldman Sachs
Penalty:
$550,000,000
Year:
2010
Date:
July 15, 2010
Offense Group:
financial offenses
Primary Offense:
toxic securities abuses
Secondary Offense:
investor protection violation
Violation Description:
The Securities and Exchange Commission announced that Goldman, Sachs & Co. agreed to pay $550 million and reform its business practices to settle SEC charges that Goldman misled investors in a subprime mortgage product just as the U.S. housing market was starting to collapse.
Level of Government:
federal
Action Type:
agency action
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
Specific Industry of Parent:
banking & securities
Source of Data:
https://www.sec.gov/news/press/2010/2010-123.htm (archived copy)
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.
