Defendant Name: Goldman, Sachs & Co.

Defendant Type: Subsidiary of Public Company

Document Reference: 2016-9

Document Details

Legal Case Name In the Matter of Goldman, Sachs & Co.
Document Name SEC Charges Goldman Sachs With Improper Securities Lending Practices
Document Date 14-Jan-2016
Document Format Administrative Proceeding
File Number 3-17053
Allegation Type Broker Dealer
Document Summary On January 14, 2016, the SEC announced that: "Goldman, Sachs & Co. has agreed to pay $15 million to settle charges that its securities lending practices violated federal regulations."

Disgorgement & Penalty Information

Resolutions
Cease and Desist Order
Censured

Related Documents:

34-76899 14-Jan-2016 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 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.