FSA fines Goldman Sachs £17.5m
The Financial Services Authority has fined Goldman Sachs “for being Goldman Sachs,” according to Beachcroft.
The fine is for failing to tell the FSA it was under investigation for fraud by the US financial watchdog this summer.
Mathew Rutter, partner at law firm Beachcroft said: "£17.5 million is a huge fine
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