Violation Tracker Individual Record
Company:
Goldman Sachs
Current Parent Company:
Goldman Sachs
Penalty:
$22,500,000
Year:
2008
Date:
August 21, 2008
Offense Group:
financial offenses
Primary Offense:
investor protection violation
Violation Description:
Goldman Sachs agreed to pay $22.5 million to a group of states to resolve litigation alleging it failed to properly inform investors about the risks of auction-rate securities. The settlement was also announced by the New York Attorney General; see the Violation Tracker entry at https://violationtracker.goodjobsfirst.org/violation-tracker/-goldman-sa...
Level of Government:
state
Action Type:
agency action
Agency:
Multistate Financial Regulators Case
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 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.
