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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).
This Article's Word Cloud:AMEXAmperipriseAuthorityBrokerCharlesCommissionDealersExchangeFinancialFundGoldmanGroupIndexIndustryJonesMorganNASDAQNYSENoticesRegulatorySCHWSchwabSecuritiesStanleyTuesdayWellsbeencommissionconductingdisclosedownfailingfinedfromfundholdingholdingsiSharesincludeindicatelowerotherportfolioreceivedregisteredrepresentativessharesthattodaytrading
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