This content is not available in your region

Fed terminates 2016 enforcement action against Goldman Sachs for confidential data misuse

Fed terminates 2016 enforcement action against Goldman Sachs for confidential data misuse
Fed terminates 2016 enforcement action against Goldman Sachs for confidential data misuse   -   Copyright  Thomson Reuters 2021
By Reuters

WASHINGTON – The U.S. Federal Reserve announced Tuesday it had terminated a 2016 enforcement action against Goldman Sachs, which had been imposed over misuse of confidential data.

The consent order, directed alongside a $36.3 million fine, required the bank to submit a plan to strengthen policies, after a former employee illegally obtained documents from a friend at the Federal Reserve Bank of New York.