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.