Goldman Sachs has agreed to pay a $22 million fine and accept other penalties to resolve charges from the U.S. Securities and Exchange Commission that the firm lacked adequate policies and procedures to address the risk that during weekly meetings, known as “huddles,” its analysts could share important non-public information about upcoming research changes.

According to the SEC, huddles were a practice where Goldman’s stock research analysts met to provide their best trading ideas and views on the markets to firm traders and later passed them on to a select group of top clients. These meetings, according to the regulator, took place weekly from 2006 to 2011 and were sometimes attended by sales personnel.

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