SECURITIES
From Times Staff and Wire Reports
Goldman Fined in Treasury Bond Scandal: Goldman, Sachs & Co., one of Wall Street’s most powerful investment banks, agreed to pay $250,000 to settle charges it broke federal securities laws in the trading of U.S. government bonds. Without admitting or denying wrongdoing, Goldman settled an administrative case brought by the Securities and Exchange Commission. The SEC accused Goldman of prearranged purchases and sales of Treasury securities with Salomon Inc. and other brokers in 1985 and 1986, mostly as a way of beefing up losses for federal income tax purposes.
