Goldman Sachs (NYSE:GS) has been fined 17.5 million pounds by the UK’s Financial Services Authority for neglecting to disclose an investigation by the Securities and Exchange Commission.
Various news outlets late Wednesday said that Goldman allegedly did not disclose that a banker who structured collateralized debt obligations was under investigation by the SEC, and therefore would face a fine. In dollar terms, it is worth about $27 million.
Goldman paid a $550 million fine to the SEC over the summer regarding mortgage-backed investments and disclosures.
JPMorgan (NYSE:JPM) paid what was said to be one of the FSA’s largest fines ever recently, of $33.2 million pounds.
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