Federal regulators have fined Goldman Sachs and JPMorgan Chase for breaking securities and futures rules, respectively.
Goldman Sachs was ordered by the Securities and Exchange Commission (SEC) to pay $12 million to settle pay-to-play charges.
The firm’s troubles stemmed from the involvement of Neil M.M. Morrison, a former Goldman Sachs vice president in Boston, in the political campaign of Massachusetts state treasurer Timothy Cahill while he was a candidate for governor.
Morrison was accused of [...]