Posts tagged The Federal Reserve.

The Federal Reserve announced on August 3, 2016, that it would fine Goldman Sachs $36.3 million in connection with a leak of confidential information from its New York branch. The leak was discovered and reported by Goldman Sachs in 2014 after Goldman learned that a junior executive had received information from a contact at the New York Fed. Both the junior executive and one of his supervisors were fired as a result.

The fine once again brings to bear the importance of maintaining and enforcing compliance programs. In addition to the clear benefits of having infrastructure in place to ...

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