Goldman Sachs settles pay
WASHINGTON (Reuters) Goldman Sachs Group Inc will pay more than $14 million to settle federal and state charges canadagooseoutlet4online.com canada goose outlet https://www.canadagooseoutlet4online.com after it violated rules, in a case involving campaign contributions to former Massachusetts gubernatorial candidate Timothy Cahill.
A Goldman Canada Goose sale Sachs sign is seen on the floor of the New York Stock Exchange, April 16, 2012. REUTERS/Brendan McDermid
Neil Morrison, a former vice president Canada Goose online in Goldman Boston office, worked extensively on Canada Goose Online Cahill canada goose black friday sale 2010 campaign while also soliciting underwriting business from the Massachusetts treasurer office, the Securities and Exchange Commission uk canada goose said.
Cahill at the time was Massachusetts state treasurer.
In what the SEC described as its first case involving contributions other than cash, Goldman settled without admitting or denying the charges.
The SEC also canada goose uk shop charged Morrison, and the case against him Canada Goose Outlet continues.
Pay Canada Goose Coats On Sale to play refers to cash or other contributions made to officials to influence the award of lucrative public contracts.
The SEC announced that Goldman will pay about $12 million to settle the SEC case. Later Thursday, the Massachusetts attorney general office revealed details on its related case, which brings the total settlement to $14.4 million.
The SEC complaint describes how Morrison conducted campaign activities for Cahill, including fundraising, drafting speeches, and canada goose coats on sale speaking to reporters, and how some of this work was done from Goldman offices during business hours.
During the 13 months through October 2010, Morrison sent at least 364 campaign related emails using canada goose clearance sale his Goldman Sachs email account.
Morrison also directly discussed his campaign work in relation to securing business for Goldman Sachs in emails, canada goose factory sale according to SEC documents. are in the fight of your lives and need to reward loyalty and encourage friendship.
Morrison use canada goose of Goldman work time uk canada goose outlet and resources for the campaign activities also disqualified Goldman from cheap canada goose uk bidding for municipal underwriting business with certain issuers in the state. But Goldman went on to participate in 30 canada goose uk outlet prohibited underwritings, earning it more than $7.5 million in fees, the SEC said.
A Goldman spokesman, Michael DuVally, said in a statement that the firm had detected cheap Canada Goose Morrison activities, fired him, and cooperated with regulators.
A lawyer for Morrison did not respond to canada goose uk black friday a request for comment.
The case has drawn Goldman into the legal morass that has surrounded Cahill since he lost his canada goose store gubernatorial bid to incumbent Deval Patrick.
In April, Cahill was indicted on criminal public corruption charges for allegedly using the state taxpayer funded lottery advertising canada goose coats budget to boost his sagging campaign.
An attorney buy canada goose jacket cheap for Cahill, Jeffrey Denner, said he had not reviewed the canadian goose jacket SEC documents, and would have no comment since the order did not directly name Cahill as a defendant.
Robert Khuzami, who Canada Goose Jackets heads the SEC enforcement division, said in Canada Goose Parka a statement: rules are clear: Municipal finance professionals that use their firm resources to campaign on behalf of political candidates compromise themselves and the firms that employ them.
The SEC has undertaken a buy canada goose jacket broader crackdown of practices in recent years. In 2010, it adopted new measures that target activities of canada goose clearance investment advisers who seek out contracts to manage public pension plans and other types of investment accounts.