Alphabet, Goldman Sachs Settle SEC Charges

NEW YORK (Reuters) – Alphabet, Goldman Sachs, and other firms have agreed to pay a total of $3.8 million in penalties to settle charges from the U.S. Securities and Exchange Commission (SEC) regarding late filings.

The SEC imposed fines against Alphabet (owner of Google) and several Wall Street firms, including Goldman Sachs, Bank of Nova Scotia, and a Bain Capital unit, in a crackdown on tardy disclosures of investor information, beneficial ownership changes, and insider stock sales.

None of the firms or individuals admitted or denied the SEC’s findings; however, they consented to pay civil penalties and cease any further violations.

Here’s a breakdown of the penalties:
– Alphabet (NASDAQ: GOOGL): $750,000
– Goldman Sachs: $300,000
– Bank of Nova Scotia: $375,000
– Bain Capital Credit Member: $130,000

Other firms and their respective penalties include:
– Sunbeam Management, LLC: $40,000
– TALANTA Investment Group, LLC: $45,000
– Grays Peak Ventures LLC: $65,000
– Stilwell Value LLC: $75,000
– BSC, LP: $75,000
– FIG LLC (Fortress Investment Group): $200,000
– Adage Capital Management, L.P.: $200,000
– Essex Woodlands Management, Inc.: $225,000
– Oaktree Capital Management, L.P.: $375,000
– Legacy Housing (NASDAQ: LEGH) Corporation: $200,000
– Celsius Holdings (NASDAQ: CELH), Inc.: $200,000

Additionally, ten individuals also received penalties for late filings, according to the SEC.