Basic Search  |  Summaries  |  Advanced SearchPenalty: £17,500,000
Year: 2010
Date: 9 September, 2010
Offence Group: financial offences
Offence Type: investor protection violation
Violation Description: Goldman Sachs paid a £17.5 million fine in settlement of a finding by the FSA that the company failed to have systems in place to inform the FSA when information with regulatory implications became known to the company. The company failed to inform the FSA when a US affiliate and an employee who had transferred to London came under investigation by the United States Securities and Exchange Commission.
Action Type: agency action
Settlement Type: settlement of FSA Decision
Agency: Financial Services Authority
HQ Country of Parent: United States
Ownership Structure of Parent: publicly traded
Major Industry of Parent: financial services
Specific Industry of Parent: banking & securities
Source of Data: (click here)