Former Goldman Sachs Director Ordered To Pay $13.9M Penalty To Settle SEC Suit

Former Goldman Sachs Director Ordered To Pay $13.9M Penalty To Settle SEC Suit

NEW YORK - A federal judge in New York on July 17 ordered a former Goldman Sachs Group Inc. director to pay a $13.9 million penalty to settle claims with the Securities and Exchange Commission that he provided inside information to a former hedge fund manager as part of an insider trading scheme (Securities and Exchange Commission v. Rajat K. Gupta and Raj Rajaratnam, No. 11-7566, S.D. N.Y.).

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