Violation Tracker Individual Record
The Financial Industry Regulatory Authority fined Goldman, Sachs & Co. $22 million for failing to supervise equity research analyst communications with traders and clients and for failing to adequately monitor trading in advance of published research changes to detect and prevent possible information breaches by its research analysts. At the same time, the Securities and Exchange Commission announced a related settlement with Goldman. Pursuant to the settlements, Goldman agreed to pay $11 million each to FINRA and the SEC.
FINRA is a securities industry self-regulatory body authorized by the federal government.