Defendant Name:
Goldman, Sachs & Co.
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
The Goldman Sachs Group, Inc
SIC Code:
6211
CUSIP:
38141G10
Document Reference:
34-66791
Document Details
Legal Case Name
In the Matter of Goldman, Sachs & Co.
Document Name
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
Document Date
12-Apr-2012
Document Format
Administrative Proceeding
Allegation Type
Broker Dealer
Document Summary
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."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
Other Compliance Related Undertaking
Various Undertakings; Remedial Sanctions
Monetary Penalties:
Civil Penalty
Individual:
$22,000,000.00
Shared: