DealBook – Goldman Sachs agreed on Thursday to pay securities regulators $22 million to settle accusations that it did not have adequate policies in place to stop stock research tips from being passed inappropriately to its biggest clients.
In its complaint, the Securities and Exchange Commission said that top clients received preferential treatment through Goldman’s “trading huddles,” in which the bank’s research analysts met frequently to develop trading tips that were passed on to the firm’s traders and then select clients.
