Goldman Sachs fined $22m for information leaks to top clients

The Securities and Exchange Commission (SEC) said that, between 2006 and 2011, the company held weekly huddles, often attended by sales personnel, in which analysts discussed their top short-term trading ideas and traders discussed their views on the markets. In 2007, analysts began sharing information and trading ideas from the huddles with select clients, creating a serious risk that non-public information about upcoming changes to their published research might be distributed to the clients and the firm's traders. Goldman has also agreed to be censured, to be subject to a cease-and...