NEW YORK: A federal judge on Tuesday approved the deal calling for Goldman Sachs & Co. to pay US$550 million to settle civil fraud charges that the Wall Street giant misled buyers of mortgage-related investments.
The agreement approved by U.S. District Judge Barbara Jones in Manhattan contained the largest penalty against a Wall Street firm in the history of the Securities and Exchange Commission.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
