USA TODAY US Edition

Goldman Sachs to pay $22M to settle case

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Goldman Sachs has agreed to pay $22 million to settle regulatory charges that its analysts shared confidenti­al research with favored clients. The settlement was announced by the Securities and Exchange Commission and the Financial Industry Regulatory Authority, the securities industry’s self-policing organizati­on. Goldman neither admitted nor denied the allegation­s. “We are pleased to have resolved this matter,” Goldman spokesman Michael Duvally said.

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