Defendant Name:
Goldman, Sachs & Co.
Defendant Type:
Subsidiary of Public Company
Document Reference:
LR-21457
Document Details
Legal Case Name
SEC v. Goldman, Sachs & Co.
Document Name
Court Approves Modifications to Global Research Analyst Settlement
Document Date
19-Mar-2010
Document Format
Civil Proceeding
Case Number
03-cv-02944
Federal District Court
New York, Southern District of New York
Federal District Judge
William H. Pauley III
Allegation Type
Investment Advisers/Investment Companies
Document Summary
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.
Disgorgement & Penalty Information
Resolutions
Approving modifications to the final judgments entered against the twelve firms covered by the Global Research Analyst Settlement.
Related Documents:
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."
SEC Sues Goldman Sachs For Research Analyst Conflicts Of Interest Firm To Settle With SEC, NASD, NYSE, NY Attorney General, And State Regulators
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. "
Final Judgment as to Defendant Goldman, Sachs & Co.
Global Research Analyst Settlement; SEC Consents to Termination of Undertakings in Global Research Analyst Settlement
On December 5, 2025, the SEC stated that: "[It] consented to modifications to the
October 2003 . . . and September 2004 . . . final judgments against settling firms still
covered by the Global Research Analyst Settlement, a global settlement of SEC and other
enforcement actions against twelve investment banks and two individuals. The modifications
are subject to court approval."
Notice Regarding Defendants' Rule 60(b) Motion to Modify Addendum A of Global Research Settlement
The SEC stated: "[T]he Securities and
Exchange Commission (SEC) consents to the relief sought by the motions and
agrees that the final judgments should be modified as reflected in the proposed
orders submitted by each respective Defendant. . . . Based on these unique facts and circumstances, the SEC believes
modification of the Judgment is in the public interest."
