Goldman Sachs Fined $50 Million For Fed Data Leak - Hedge Fund Alpha (formerly ValueWalk Premium)
Goldman Sachs

Goldman Sachs Fined $50 Million For Fed Data Leak

Goldman Sachs has been slapped a $50 million fine by New York’s state banking regulator for failing to properly supervise a former employee who stole secret supervisory information from the New York Federal Reserve. Goldman’s $50 million fine is twice the largest penalty that New York Department of Financial Services has previously imposed for consulting-related misconduct. Goldman Sachs took the rare step of admitting guilt Goldman Sachs admitted on Wednesday that it had failed to properly supervise Rohit Bansal, a 30-year old associate who joined the firm last July after seven years at the Federal Reserve Bank of New York....

This content is exclusively for paying members of Hedge Fund Alpha

Gain Exclusive Access to the Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha

Get Started Now with a FREE 7-Day Trial🔻

If you are a current Hedge Fund Alpha member and are having an account error please clear cache and cookies. If that does not work, email [email protected] or click Chat.

Saved Articles