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.

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