Jan. 26 (Bloomberg) -- A former Goldman Sachs Group Inc. trader and his father will pay more than $92,000 to resolve U.S. regulatory claims that they used inside information to reap profits from illegal trades related to the firm’s exchange- traded fund investments.

The Securities and Exchange Commission announced resolution of its allegations against Spencer Mindlin, 33, and Alfred Mindlin, 68, in a cease-and-desist order posted to its website today.

The two men are jointly required to pay $57,481 in disgorgement and $10,081 in interest on proceeds from the illegal trades, according to the SEC. Spencer Mindlin is to pay an additional $25,000 civil money penalty, the SEC said.

--Editors: Lawrence Roberts, Gregory Mott

To contact the reporter on this story: Gregory Mott in Washington at gmott1@bloomberg.net

To contact the editor responsible for this story: Maura Reynolds at mreynolds34@bloomberg.net