Goldman Sachs Group Inc. (GS) said in a securities filing Friday that it’s under scrutiny, related to high-frequency trading (HFT) and a probe into whether its hiring practices complied with anti-bribery laws.
The list of reviews in its quarterly filing is the first time the investment bank publicly disclosed the HFT review and the hiring scrutiny. The company would not provide additional details.
In Friday’s filing, Goldman also said it was a defendant in an April 18 class-action lawsuit related to high-speed trading. The action alleges that a number of exchanges and securities firms violated market-manipulation and insider-trading rules.
The Wall Street Journal reported earlier this week that the SEC had expanded its probe into large bank hiring practices in Asia, and had sought more information from at five firms, including Goldman.
In afternoon trading, GS is off 0.3% at $156.86 but earlier traded as low as $155.68. It moves in the lower end of its $147.06 to $181.13 52-week range.
Latest posts by Christina Langfold (see all)
- Scientists Discover the Second Fastest Spinning Pulsar In The Universe - Mar 19, 2019
- Coral Reef Damage Scares Florida Keys Researchers and Businesses - Mar 19, 2019
- Nike to Slash Global Workforce by 1,400 - Mar 19, 2019