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GS Fined for Failing to Disclose Wells Notices

By Market News Video Staff, Tuesday, November 9, 1:45 PM ET

Goldman Sachs (NYSE:GS) has been fined $650,000 by the Financial Industry Regulatory Authority for failing to disclose that two of its registered representatives received Wells Notices from the Securities and Exchange Commission. Wells Notices indicate that the commission is conducting an investigation.

Goldman shares are trading down 0.3% Tuesday.

Goldman is the top holding in the iShares Dow Jones U.S. Broker-Dealers Index Fund (AMEX:IAI), at 9.22% of the portfolio. The fund is trading lower by 0.5% today. Its other top holdings include Morgan Stanley (NYSE:MS), CME Group (NASDAQ:CME), Charles Schwab (NYSE:SCHW) and Amperiprise Financial (NYSE:AMP).

Find the right mix of model portfolios today at PortfolioChannel.com


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This Article's Word Cloud:   AMEX   Amperiprise   Authority   Broker   Charles   Commission   Dealers   Exchange   Financial   Fund   Goldman   Group   Index   Industry   Jones   Morgan   NASDAQ   NYSE   Notices   Regulatory   SCHW   Schwab   Securities   Stanley   Tuesday   Wells   been   commission   conducting   disclose   down   failing   fined   from   fund   holding   holdings   iShares   include   indicate   lower   other   portfolio   received   registered   representatives   shares   that   today   trading
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