Fed fines Goldman Sachs for unauthorized use of confidential data
Add BT as a preferred source[NEW YORK] The US Federal Reserve Board said on Wednesday it has ordered Goldman Sachs Group Inc to pay US$36.3 million in fines for the unauthorized use and disclosure of confidential information.
The Fed Board also said it is seeking to impose a fine on former Goldman managing director, Joseph Jiampietro, and bar him from the industry.
The Fed Board also ordered Goldman to implement an enhanced program to ensure the proper use of confidential supervisory information.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Two-thirds of Sentosa Cove resales in the red, with average loss topping S$1 million since 2023
Singapore at 61: How we can ensure opportunity, security and ownership for the next generation
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself
