Defendant Name:
Goldman Sachs Asset Management, L.P.
Defendant Type:
Subsidiary of Public Company
Document Reference:
2022-209
Document Details
Legal Case Name
In the Matter of Goldman Sachs Asset Management, L.P.
Document Name
SEC Charges Goldman Sachs Asset Management for Failing to Follow Its Policies and Procedures Involving ESG Investments
Document Date
22-Nov-2022
Document Format
Administrative Proceeding
Allegation Type
Investment Advisers/Investment Companies
Document Summary
The SEC announced that: "[It] charged Goldman Sachs Asset Management, L.P. (GSAM) for policies and procedures failures involving two mutual funds and one separately managed account strategy marketed as Environmental, Social, and Governance (ESG) investments. To settle the charges, GSAM agreed to pay a $4 million penalty."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
Monetary Penalties:
Civil Penalty
Individual:
$4,000,000.00
Shared: