Goldman fined $1m for IPO violations

Goldman Sachs has been fined $1m (€800,000) for allegedly concealing initial public offering allocations in share sales.

The National Association of Securities Dealers fined Goldman's Execution & Clearing LP unit, formerly known as Spear Leeds & Kellogg, for creating an internal procedure to circumvent a checking system set up by the Depository Trust.

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JPMorgan Is Revamping Its Bank for the Superrich to Cater to Global ClienteleExternal link

JPMorgan Is Revamping Its Bank for the Superrich to Cater to Global Clientele