Goldman Sachs to Pay $22 Million in Settlement With SEC, Finra

Goldman, Sachs & Co. agreed to pay $22 million as part of a settlement of Securities and Exchange Commission and Financial Industry Regulatory Authority claims that the bank lacked adequate procedures to address the risk that during weekly huddles, analysts could share material, nonpublic information about upcoming research changes.

The SEC commented in an e-mailed statement.

To contact the editor responsible for this story: Greg Chang at gchang1@bloomberg.net

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