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WASHINGTON — The U.S. Securities and Exchange Commission on Friday announced a $6 million penalty against Goldman Sachs for providing incomplete and inaccurate trading information to the regulator. The banking giant made more than 22,000 deficient "blue sheet" submissions over a roughly 10-year period, affecting at least 163 million transactions, according to an SEC order. The SEC routinely sends these electronic requests to brokers for securities trading information to identify buyers and sellers. The firm is "pleased to have resolved this matter," Abbey Collins, a spokesperson for Goldman Sachs, told CNBC. But the SEC also found that Goldman had insufficient internal processes to verify the accuracy of its blue sheet submissions.
Persons: WASHINGTON, Goldman Sachs, Thomas P, Smith Jr, Goldman, Abbey Collins, Collins Organizations: The U.S . Securities, Exchange Commission, SEC, New York Regional Office, CNBC Locations: The
In November, one of the world's most consequential hedge funds announced a shake-up at the top of its power structure. In an internal memo, the founder of Millennium Management, Izzy Englander, said that Bobby Jain would be vacating the co-CIO role. "You can't readily find that managerial experience at other hedge funds and Goldman is a perfect place to look for those people." 8 former Goldman Sachs leaders are now Millennium execsEnglander isn't alone — firms rarely are in the copycat world of multistrats. In a statement to Insider, Abbey Collins, a spokesperson for Goldman Sachs, said, "Goldman Sachs has always been and remains a talent magnet.
An incoming GOP congressman from Long Island has several gaps in his resume, according to news reports. Santos has begun to address the falsehoods in interviews with the New York Post and City & State New York. But representatives from the school told the Times they had no record of his enrollment, despite searching multiple variations of his name. Santos has said that he never claimed to be Jewish, just "Jew-ish," despite describing himself as a "proud American Jew" during his campaign. The Republican Jewish Coalition now says he lied to them.
An incoming GOP congressman from Long Island has several gaps in his resume, according to a NYT report. He appears to have lied about his employment history, his college degree, and possibly his residence. He also claimed to have lost four employees in the 2016 Pulse Nightclub shooting. And according to a New York Times investigation, he may have a historically large amount of questions to answer about his resume. But representatives from the school told the Times they had no record of his enrollment, despite searching multiple variations of his name.
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