Defendant Name: Goldman, Sachs & Co.

Defendant Type: Subsidiary of Public Company
Public Company Parent: The Goldman Sachs Group, Inc
SIC Code: 6211
CUSIP: 38141G10

Initial Case Details

Legal Case Name In the Matter of Goldman, Sachs & Co.
First Document Date 12-Apr-2012
Initial Filing Format Administrative Action
File Number 3-14845
Allegation Type Broker Dealer

Violations Alleged

Other
• Section 15(g) Exchange Act

Resolutions

First Resolution Date 12-Apr-2012
Headline Total Penalty and Disgorgement $22,000,000

Related Documents:

34-66791 12-Apr-2012 Administrative Proceeding
Order Instituting Administrative and Cease-and-Desist Proceedings, Pursuant to Sections 15(b) and 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
On April 12, 2012, the SEC instituted a settled administrative proceeding against Goldman, Sachs & Co. According to the SEC: "This matter concerns Goldman's failure to establish, maintain, and enforce adequate policies and procedures concerning its trading 'huddle' program -- a practice where Goldman's equity research analysts provided their best trading ideas to firm traders and a select group of Goldman's top clients."
2012-61 12-Apr-2012 Press Release--Administrative Proceeding
SEC Charges Goldman, Sachs & Co. Lacked Adequate Policies and Procedures for Research "Huddles"
On April 12, 2012, the SEC announced charges that, "Goldman, Sachs & Co. 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."