Fed Terminates 2016 Enforcement Action Against Goldman Sachs for Confidential Data Misuse

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The Goldman Sachs company logo is seen in the company's space on the floor of the New York Stock Exchange, (NYSE) in New York on April 17, 2018. (Brendan McDermid/Reuters)

The Goldman Sachs company logo is seen in the company's space on the floor of the New York Stock Exchange, (NYSE) in New York on April 17, 2018. (Brendan McDermid/Reuters)

By Reuters

Reuters

November 23, 2021 Updated: November 23, 2021

WASHINGTON—The U.S. Federal Reserve announced Tuesday it had terminated a 2016 enforcement action against Goldman Sachs, which had been imposed over misuse of confidential data.

The consent order, directed alongside a $36.3 million fine, required the bank to submit a plan to strengthen policies, after a former employee illegally obtained documents from a friend at the Federal Reserve Bank of New York.

Reuters

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