AP News

News Summary: Goldman pays almost $12M in SEC deal


CHARGES SETTLED: Goldman Sachs has agreed to pay nearly $12 million to settle civil charges accusing one of its executives of providing campaign services to a Massachusetts official in return for bond business.

EX-VP CHARGED: The Securities and Exchange Commission also charged ex-Goldman vice president Neil M.M. Morrison with trying to influence the awarding of state contracts through campaign work for former Massachusetts Treasurer Timothy Cahill.

GOLDMAN FEES: Goldman earned more than $7.5 million in fees from underwriting Massachusetts bond sales after Morrison campaigned for Cahill using company phones and email, the SEC said.


American Apparel's Future
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus