The Daily Caveat is written by Michael Thomas, a recovering corporate investigator in the Washington, DC-area.

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3/23/2005
NASD Levies Million Dollar Fine on Goldman Sachs
From the AP:

NASD Fines Goldman Sachs Unit $1 Million

WASHINGTON (AP) - The brokerage industry's self-policing organization on Tuesday said it fined a unit of Goldman Sachs Group Inc. $1 million for concealing sales of IPO shares from an SEC-approved tracking system.

The National Association of Securities Dealers said Spear, Leeds & Kellogg LP, which Goldman Sachs acquired in late 2000, hid sales of securities in initial public offerings from the Depositary Trust Corp. from August 1997 through January 2001.
Read the rest here.

-- MDT
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