Fed Terminates 2016 Enforcement Action Against Goldman Sachs for Confidential Data Misuse

 Goldman Sachs company logo is seen in the company's space on the floor of the New York Stock Exchange, (NYSE) in New York on April 17, 2018. (Brendan McDermid/Reuters)

WASHINGTON鈥擳he U.S. Federal Reserve announced Tuesday it had terminated a 2016 enforcement action against Goldman Sachs, which had been imposed over misuse of confidential data.

consent order, directed alongside a $36.3 million fine, required the bank to submit a plan to strengthen policies, after a former employee illegally obtained documents from a friend at the Federal Reserve Bank of New York.

Pezou : Fed Terminates 2016 Enforcement Action Against Goldman Sachs for Confidential Data Misuse