USA TODAY US Edition
Goldman Sachs to pay $22M to settle case
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.