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:
34-76899
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
14-Jan-2016
Document Format
Administrative Proceeding
Allegation Type
Broker Dealer
Document Summary
On January 14, 2016, the SEC instituted settled administrative and cease-and-desist proceedings against Goldman, Sachs & Co. According to the SEC: "These proceedings arise out of practices engaged in by Goldman's Securities Lending Demand Team (the 'Demand Team'), between November 2008 and mid-2013, in providing and documenting 'locates' to enable its customers to execute short sales.
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Civil Penalty
Individual:
$15,000,000.00
Shared:
