Violation Tracker Individual Record

Company: 
Goldman Sachs
Current Parent Company: 
Goldman Sachs
Penalty: 
$50,000,000
Year: 
2015
Date: 
October 28, 2015
Primary Offense: 
investor protection violation
Secondary Offense: 
financial institution supervision failures
Violation Description: 

Goldman Sachs agreed to pay $50 million in an enforcement action concerning an employee who allegedly schemed to steal confidential regulatory and government information for use in advising a Goldman Sachs client and improperly shared that information with other Goldman Sachs employees.

Level of Government: 
state
Action Type: 
agency action
Agency: 
New York Department of Financial Services
Civil or Criminal Case: 
civil
Facility State: 
New York
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.