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“For tracking litigation, enforcement, and regulatory developments, Compliance Week
should be your prime source.”- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Roundup: Goldman Sachs, Citi, Robinhood disclose regulatory investigations
By 
Aaron Nicodemus2022-08-05T18:02:00
Goldman Sachs Group, Citigroup, and Robinhood Markets each issued quarterly filings this week disclosing regulatory investigations they are respectively facing into varied business practices.
Goldman Sachs disclosed in a securities filing the bank is cooperating with a Consumer Financial Protection Bureau (CFPB) investigation into its “credit card account management practices, including with respect to the application of refunds, crediting of nonconforming payments, billing error resolution, advertisements, and reporting to credit bureaus.”
Citigroup said it is being investigated by unnamed agencies regarding its trading in government securities.
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