Defendant Name: Goldman, Sachs & Co.

Defendant Type: Subsidiary of Public Company

Document Reference: LR-18113

Document Details

Legal Case Name SEC v. Goldman, Sachs & Co.
Document Name SEC Sues Goldman Sachs For Research Analyst Conflicts Of Interest Firm To Settle With SEC, NASD, NYSE, NY Attorney General, And State Regulators
Document Date 28-Apr-2003
Document Format Civil Proceeding
Case Number 03-cv-02944
Federal District Court New York, Southern District of New York
Allegation Type Investment Advisers/Investment Companies
Document Summary According to the SEC: "The Securities and Exchange Commission announced today that it has settled charges against Goldman, Sachs & Co., a New York-based investment bank and securities firm, arising from an investigation of research analyst conflicts of interest. This settlement, and settlements with nine other brokerage firms, are part of the global settlement the firms have reached with the Commission, NASD, Inc., the New York Stock Exchange, Inc. ("NYSE"), the New York Attorney General, and other state regulators. "

Disgorgement & Penalty Information

Resolutions
Enjoinment
Compliance Related Independent Consultant

Related Documents:

comp18113 28-Apr-2003 Complaint
Complaint
According to the SEC: "Goldman Sachs sought and did investment banking business with many companies covered by its Research Division. Research analysts were encouraged to participate in investment banking activities, and that was a factor considered in the analysts' compensation. In addition, the decision to initiate and maintain research coverage of certain companies was in some cases coordinated with the investment banking department and influenced by investment banking interests."
judg18113 28-Apr-2003 Court Docket Document
Final Judgment as to Defendant Goldman, Sachs & Co.
LR-21457 19-Mar-2010 Litigation Release
Court Approves Modifications to Global Research Analyst Settlement
On March 19, 2010, the SEC published a litigation release announcing that the Honorable William H. Pauley issued an order approving modifications to the final judgments entered against Goldman, Sachs & Co. and the other firms covered by the Global Research Analyst Settlement.