Goldman fined after huddle probe

Comments (0) | 10 Jun 2011 | Rating | Print by Brad Allen

Investment bank pays a $10 mn fine and agrees to stop sharing ideas from its huddles with favored clients in consent decree

Goldman Sachs has agreed to end the practice of sharing short-term trading ideas generated from its ‘huddles’ between Goldman analysts and traders with a few favored clients.

In addition, the Wall Street firm agreed to a $10 mn fine in a signed consent decree with the Massachusetts Secretary of State ...

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