Goldman Sachs has agreed to pay $550m (£366m) to settle fraud charges brought against the bank by the Securities and Exchange Commission (SEC), writes The American Lawyer. The SEC on Thursday (15 July) confirmed the terms of its agreement with Goldman with the bank to pay $300m (£200m) in fines to the Treasury Department and another $250m (£166m) in restitution to investors.
July 16, 2010 at 06:56 AM
1 minute read
The original version of this story was published on Legalweek
Goldman Sachs has agreed to pay $550m (£366m) to settle fraud charges brought against the bank by the Securities and Exchange Commission (SEC), writes The American Lawyer.
The SEC on Thursday (15 July) confirmed the terms of its agreement with Goldman with the bank to pay $300m (£200m) in fines to the Treasury Department and another $250m (£166m) in restitution to investors.
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