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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Vitas who wrote (18361)8/8/2016 10:26:22 AM
From: John Pitera  Respond to of 33421
 
Vitas, the folks at the FED are busy little beavers...

I see that Goldman is getting fined again............... they are lucky that they can pay these "speeding tickets" and proceed along their way without an real repercussions.

The Federal Reserve Board on Wednesday ordered Goldman Sachs Group to pay a $36.3 million civil money penalty for its unauthorized use and disclosure of confidential supervisory information and to implement an enhanced program to ensure the proper use of confidential supervisory information. Additionally, the Board announced that it is instituting enforcement proceedings against Joseph Jiampietro, a former managing director at Goldman Sachs, seeking to impose a fine and permanently bar him from the banking industry stemming from his and his subordinates' unauthorized use and disclosure of confidential supervisory information.


John