Fed terminates 2016 enforcement action against Goldman Sachs for confidential data misuse

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FILE PHOTO: The Goldman Sachs company logo is on the floor of the NYSE in New York

WASHINGTON – The U.S. Federal Reserve announced Tuesday it had terminated a 2016 enforcement action against Goldman Sachs, which had been imposed over misuse of confidential data.

The consent order, directed alongside a $36.3 million fine, required the bank to submit a plan to strengthen policies, after a former employee illegally obtained documents from a friend at the Federal Reserve Bank of New York.

(Reporting by Pete Schroeder)