Fed Fines Goldman Sachs $36 Million
The U.S. Federal Reserve Board said on Wednesday it has ordered Goldman Sachs Group (NYSE:GS) to pay $36.3 million in fines for the unauthorized use and disclosure of confidential information.
The Fed Board also said it is seeking to impose a fine on former Goldman managing director, Joseph Jiampietro, and bar him from the industry.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| GS | THE GOLDMAN SACHS GROUP INC. | 601.71 | -3.86 | -0.64% |
The Fed Board also ordered Goldman to implement an enhanced program to ensure the proper use of confidential supervisory information.(Reporting by Sruthi Shankar in Bengaluru; Editing by Savio D'Souza)