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

Fed Terminates 2016 Enforcement Action Against Goldman Sachs for Confidential Data Misuse
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)
Reuters
11/23/2021
Updated:
11/23/2021

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.