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The Wall Street Journal: Goldman settles Fed leak allegations for $36.3 million

Goldman Sachs Group Inc. has agreed to pay $36.3 million to settle allegations it misused confidential regulatory materials leaked from the Federal Reserve, the latest twist in a lengthy investigation.

The Fed unveiled the civil settlement Wednesday and brought new allegations that an executive at the bank had run a long campaign to obtain regulatory secrets and make use of them inside the bank from 2012 to September 2014, well before the leak that sparked the investigation occurred.

The executive, Joseph Jiampietro, was fired by Goldman in 2014 after the leak came to light. The central bank said he “repeatedly obtained, used and disseminated” secret regulatory information that included ratings, forthcoming enforcement actions and confidential documents.

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