Tags: bribery | Goldman | hiring | investigated

Goldman Says Overseas Hiring Practices Being Investigated

Friday, 09 May 2014 01:29 PM

Goldman Sachs Group Inc. disclosed on Friday that it was being investigated over its hiring practices outside the United States.

The Wall Street Journal reported earlier this week that the U.S. Securities and Exchange Commission had expanded its probe into the hiring practices of at least five U.S. and European banks in Asia, including Goldman.

The SEC is examining whether the banks or their employees violated anti-bribery laws by hiring relatives of well-connected officials, the WSJ reported.

Goldman, in a quarterly filing on Friday, did not provide any details of the investigation into whether it was in compliance with the U.S. Foreign Corrupt Practices Act.

Goldman also said it was a defendant in a class-action lawsuit related to high frequency trading, filed in the U.S. District Court for the Southern District of New York on April 18.

© 2017 Thomson/Reuters. All rights reserved.

 
1Like our page
2Share
Markets
Goldman Sachs Group Inc. disclosed on Friday that it was being investigated over its hiring practices outside the United States.
bribery, Goldman, hiring, investigated
137
2014-29-09
Friday, 09 May 2014 01:29 PM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved