By Justin Baer
Goldman Sachs Group Inc. said it had drawn scrutiny in regulatory inquiries related to its high-frequency trading and whether its hiring practices complied with U.S. antibribery laws, according to a securities filing.
References to the investigations appeared in Friday's quarterly filing with the Securities and Exchange Commission, in a list of reviews Goldman faces from government agencies and industry regulators.
The references marked the first time Goldman (GS) had disclosed each probe publicly. A Goldman Sachs spokesman declined to comment.
The SEC, the U.S. Justice Department, the Federal Bureau of Investigation and New York Attorney General Eric Schneiderman are all reviewing the role high-speed traders have played in the stock market.
In Friday's filing, Goldman also said it was a defendant in an April 18 class-action lawsuit related to high-speed trading. The action alleges that a number of exchanges and securities firms violated market-manipulation and insider-trading rules.
The Wall Street Journal reported earlier this week that the SEC had expanded its probe into large banks' hiring practices in Asia, and had sought more information from at five firms, including Goldman.
(An expanded version of this report appears at WSJ:com: http://online.wsj.com/news/articles/SB10001424052702303701304579551444213360678?mod=mktw.)
More must-reads from MarketWatch:
The slide in small-caps reflects a market in trouble
iPhone could become most popular e-reader
Roubini: Beginning of a credit bubble
-Justin Baer; 415-439-6400; AskNewswires@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
05-09-14 0844ETCopyright (c) 2014 Dow Jones & Company, Inc.
|Media Advisory: Domtar at the Goldman Sachs Basic Materials Conference|
|UPDATE: Anthony Noto to leave Goldman Sachs for Coatue (2014/5/13)|
|LyondellBasell to Address Goldman Sachs Basic Materials Conference|
|Huntsman To Present At Goldman Sachs Basic Materials Conference|
|Celanese to Present at Goldman Sachs Basic Materials Conference 2014 (2014/5/14)|
|UPDATE: Goldman Sachs profit, revenue rise to top estimates (2014/7/15)|
|Goldman Sachs shareholders approve compensation plan (2014/5/16)|
|Advisory: RAI to webcast CEO's participation at Goldman Sachs summit|
|The Home Depot to Speak at Goldman Sachs Fifth Annual dotCommerce Day (2014/5/21)|
|Actavis to Present at Goldman Sachs 35th Annual Global Healthcare Conference 2014|
|Start Premium Trial||Register For Free|
|P||F||Fund Financial Data (13,000+ funds)|
|P||F||Stock Financial Data (7,000+ stocks)|
|P||F||Stock and Fund Screeners (basic)|
|P||F||Investing Articles and Market Commentary|
|P||F||Articles Archive (>30 days)|
|P||F||Discuss (dozens of stock, fund, bond, and general bulletin boards)|
|P||F||Portfolio Manager (basic)|
|P||F||Morningstar Investment Classroom|
|P||F||Access Your Portfolio Anytime, Anywhere via Your Mobile Device|
|P||Morningstar Fund Analyst Reports (full research on 1,700 funds, ETFs, and CEFs)|
|P||Morningstar Stock Analyst Reports (full research on more than 1,100 stocks)|
|P||Portfolio Manager (advanced with 10 X-Ray analyses, including recommendations)|
|P||Portfolio Monitor (monthly and on-demand personalized portfolio statements)|
|P||Morningstar Proprietary Stock Information (stock star ratings, buy/sell prices, economic moat ratings, and more)|
|P||Morningstar 5-Star Stock and Fund Favorites & Red Flags eNewsletters|
|P||Premium Stock and Fund Screeners (advanced with nearly infinite ways to find the best securities for you)|
|P||Discounts on Morningstar newsletters, books, seminars, and more|
Access these features and more when you sign up for Free Membership.
Join Morningstar today. It's Free.
Access these features and more when you sign up for Premium Membership.
Start your free 14-day trial today online
Your subscription may be tax deductible. Please contact your tax advisor.