UPDATE 4/11/2020: According to FINRA’s February 2020 Disciplinary Actions: “Goldman Sachs & Co. LLC (CRD #361, New York, New York) December 19, 2019 – An AWC was issued in which the firm was censured and fined $130,000. Without admitting or denying the findings, the firm consented to the sanctions and to the entry of findings that it effected customer sale transactions of municipal bonds on a discretionary basis in amounts lower than the minimum denomination of the respective issues. The findings stated that the firm generally relied on data it received from third-party vendors to determine whether a transaction was below an issue’s minimum denomination, and the violative transactions are primarily attributable to inaccuracies in that vendor data. The firm has already voluntarily rescinded the violative transactions or otherwise reimbursed affected customers. (FINRA Case #2017053432301)”
Galvin Legal, PLLC is launching an investigation on behalf of investors who may have suffered losses investing with Goldman Sachs & Co.. If you suffered losses investing with Goldman Sachs & Co., then Galvin Legal, PLLC may be able to help you recover your losses in a Financial Industry Regulatory Authority (“FINRA“) arbitration claim.
Goldman Sachs & Co. (CRD# 361) (SEC# 801-16048, 8-129)
As of April 4, 2020, Goldman Sachs & Co.’s FINRA BrokerCheck Report contains the following:
323 Regulatory Event Disclosures
1 Civil Event Disclosures
20 Arbitration Disclosures
Main Office Location
200 WEST STREET
NEW YORK, NY 10282-2198
222 SOUTH MAIN STREET
SALT LAKE CITY, UT 84101
Business Telephone Number
Direct Owners and Executive Officers
THE GOLDMAN SACHS GROUP, INC., CLASS A MEMBER
ARMSTRONG, PHILIP STUART (CRD#:6047124), MANAGING DIRECTOR, COO
BROADBERY, MICHAEL MARY (CRD#:6947899), CHIEF COMPLIANCE OFFICER
DOYLE, BRIAN RICHARD (CRD#:6003685), MANAGING DIRECTOR, CFO
MATTHIAS, THOMAS FAIRBANKS (CRD#:2872690), CHIEF COMPLIANCE OFFICER – INVESTMENT ADVISERS ACT
OCONNELL, JOHN MAURICE (CRD#:1335506), CHIEF COMPLIANCE OFFICER
SCHERR, STEPHEN MARK (CRD#:2388851), MANAGING DIRECTOR, MANAGER
SEYMOUR, KAREN PATTON (CRD#:6909905), MANAGING DIRECTOR, CLO
SOLOMON, DAVID MICHAEL (CRD#:1616414), MANAGING DIRECTOR, MANAGER
STEIN, LAURENCE (CRD#:5300390), MANAGING DIRECTOR, MANAGER
WALDRON, JOHN EDWARD (CRD#:2569337), MANAGING DIRECTOR, CEO, MANAGER
FINRA requires brokerage firms to conduct due diligence on investments and to conduct a suitability analysis when recommending securities to a customer that takes into account the customer’s knowledge and experience. Brokerage firms that fail to conduct adequate due diligence or that make unsuitable recommendations can be held responsible for the customer’s losses in a FINRA arbitration claim.
This information is all publicly available and is being provided to you by Galvin Legal, PLLC.
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