Goldman Sachs to pay $15 million for selling short violations
January 16, 2016
Andrew J. Ceresney, director, SEC’s Enforcement Division Goldman Sachs has agreed to pay $15 million to settle charges that its securities lending practices violated federal regulations. Broker-dealers such as Goldman Sachs are asked by customers to locate stock for short selling. Granting a “locate” means that a firm believes it... Read more →