Article: Goldman to pay $450,000 over short-selling

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Goldman to pay $450,000 over short-selling

March Gordon

Associated Press, 4 May 2010

Goldman Sachs has agreed to pay $450,000 to settle regulators’ allegations that it violated a rule related to short-selling of stocks in 2008-2009, it was announced Tuesday.

The banking company did not admit or deny wrongdoing in paying the civil penalties in agreements with the Securities and Exchange Commission and the New York Stock Exchange’s regulatory arm.

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