Publication Date:
Tue, 2010-11-09 22:58
The Financial Industry Regulatory Authority announced the fine Tuesday, saying Goldman lacked adequate procedures to ensure that the required disclosure was made for Fabrice Tourre, a Goldman vice president. Goldman made that report last May, more than seven months after Tourre received a notice from the Securities and Exchange Commission that it was considering filing charges against him, FINRA said.
Goldman settled the SEC’s fraud charges in July, paying a record $550 million.
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