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February 11, 2016 8:34 PM ET

Capital Markets

Company Overview of Goldman, Sachs & Co.

Company Overview

Goldman, Sachs & Co. focuses on the distribution of Goldman Sachs Funds. The company provides services that include securities brokerage, dealership, and underwriting; investment banking; commodity trading; and investment consulting. The company was founded in 1999 and is based in New York, New York. Goldman, Sachs & Co. operates as a subsidiary of The Goldman Sachs Group, Inc.

200 West Street

29th Floor

New York, NY 10282

United States

Founded in 1999

Phone:

212-902-1000

Key Executives for Goldman, Sachs & Co.

Managing Director
Managing Director
Co-Head of the Restructuring Team
President of Goldman Sachs Japan Co Ltd
Managing Director
Compensation as of Fiscal Year 2015.

Goldman, Sachs & Co. Key Developments

Goldman Sachs Hires Angela Payne James, as the Chief of Staff for the Technology Division

Goldman Sachs has hired attorney, Angela Payne James, as the chief of staff for the technology division. She will work to actualize goals and priorities across the Technology division. James previously worked at Alston & Bird LLP, where she specialized in technology and intellectual property and she is to join the bank as an MD.

SEC Charges Goldman Sachs with Improper Securities Lending Practices

The Securities and Exchange Commission announced that Goldman, Sachs & Co. has agreed to pay $15 million to settle charges that its securities lending practices violated federal regulations. According to the SEC's order instituting a settled administrative proceeding, broker dealers such as Goldman Sachs are regularly asked by customers to locate stock for short selling. Granting a 'locate' represents that a firm has borrowed, arranged to borrow, or reasonably believes it could borrow the security to settle the short sale. The SEC finds that Goldman Sachs violated Regulation SHO by improperly providing locates to customers where it had not performed an adequate review of the securities to be located. Such locates were inaccurately recorded in the firm's locate log that must reflect the basis upon which Goldman Sachs has given out locates. The SEC's order finds that when SEC examiners questioned the firm's securities lending practices during an examination in 2013, Goldman Sachs provided incomplete and unclear responses that adversely affected and unnecessarily prolonged the examination. The SEC's order finds that Goldman Sachs violated Rule 203(b)(1) of Regulation SHO and Section 17(a) of the Securities Exchange Act. Without admitting or denying the findings, Goldman Sachs consented to the order and agreed to pay the $15 million penalty. The order censures Goldman Sachs and requires the firm to cease and desist from committing or causing any violations and any future violations of Rule 203(b)(1) of Regulation SHO and Section 17(a) of the Exchange Act relating to short sale locate records.

NSAM Explores Strategic Alternatives

Northstar Asset Management Group Inc. (NYSE:NSAM) announced that it has engaged Goldman, Sachs & Co. as its financial advisor to assist NSAM in exploring possible strategic alternatives to maximize shareholder value. David T. Hamamoto, Executive Chairman of NSAM, commented, "We believe our current share price undervalues the Company. Our Board of Directors and management have always been committed to acting in the best interests of our shareholders and we are aggressively seeking ways to maximize shareholder value." There is no assurance that this exploration will result in any transaction being announced or consummated. NorthStar Asset Management does not intend to discuss or disclose further developments during this process unless and until the Board has approved a specific action or otherwise determined that further disclosure is appropriate.

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