Reuters: Regulatory News: Goldman to pay $12 mln to settle "pay-to-play" probe

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Goldman to pay $12 mln to settle "pay-to-play" probe Sep 27th 2012, 14:51 WASHINGTON, Sept 27 | Thu Sep 27, 2012 10:51am EDT WASHINGTON, Sept 27 (Reuters) - Goldman Sachs Group Inc agreed to pay about $12 million to settle charges that it violated "pay-to-play" rules in a case involving undisclosed campaign contributions to Timothy Cahill, the former Massachusetts state treasurer who was a candidate for governor, U.S. securities regulators said on Thursday. The Securities and Exchange Commission also charged Neil Morrison, a former investment banker at Goldman, in the case. Goldman settled without admitting or denying the charges. The SEC's case against Morrison continues.

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