Germany – BaFin Goldman Sachs Fined

Germany – BaFin Goldman Sachs Fined

On 6 September 2019, GE BaFin fined Goldman €800k for voting rights.

  • BaFin imposed a fine of 800,000 euros against Goldman Sachs on 12 August 2019.
  • The sanction was based on a violation of German Federal Administrative Offenses Act section 130(1), in conjunction with German Securities Trading Act section 25(1).
  • Goldman Sachs International had not submitted voting rights announcements in time.