The Financial Industry Regulatory Authority announced Tuesday it fined Goldman, Sachs Co. $650,000 for failing to disclose that two of its registered representatives had received formal notices from the Securities and Exchange Commission (SEC) that they were the subjects of investigations.
FINRA said that one of the reps, Fabrice Tourre, was issues a Wells Notice in connection with the SEC's investigation of an offering of a synthetic collateralized debt obligation called ABACUS 2007-ACI.
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