Reuters: U.S.: Goldman to pay $12 million to settle "pay-to-play" probe

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Goldman to pay $12 million to settle "pay-to-play" probe Sep 27th 2012, 14:57 Tweet Share this Email Print Related News Goldman to pay $12 mln to settle "pay-to-play" probe 10:51am EDT U.S. top court to hear Marc Gabelli appeal in SEC case Tue, Sep 25 2012 NYSE fined after some clients got early look at data Fri, Sep 14 2012 Court revives mortgage debt class-action vs Goldman Thu, Sep 6 2012 SEC charges China Sky One with securities fraud Tue, Sep 4 2012 Analysis & Opinion More leeway won't help SEC without better cases Goldman’s Mr. 25 Standard Deviation hard to follow A Goldman Sachs sign is seen on the floor of the New York Stock Exchange, April 16, 2012. Credit: Reuters/Brendan McDermid WASHINGTON | Thu Sep 27, 2012 10:57am EDT WASHINGTON (Reuters) - Goldman Sachs Group Inc agreed to pay about $12 million to settle charges that it violated "pay-to-play" rules in a case involving undisclosed campaign contributions to Timothy Cahill, the former Massachusetts state treasurer who was a candidate for governor, U.S. securities regulators said on Thursday. The Securities and Exchange Commission also charged Neil Morrison, a former investment banker at Goldman, in the case. Goldman settled without admitting or denying the charges. The SEC's case against Morrison continues. (Reporting By Aruna Viswanatha and Karey Wutkowski; Editing by Gerald E. McCormick) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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