Ex-Goldman Banker Settles SEC Pay-To-Play Case

Law360, Chicago (May 23, 2013, 5:04 PM EDT) -- A former Goldman Sachs & Co. investment banker has agreed to pay $100,000 to settle claims that his work on the gubernatorial campaign of a Massachusetts state treasurer scored the firm lucrative municipal underwriting business, the U.S. Securities and Exchange Commission said Thursday.

Neil M.M. Morrison, a former vice president in Goldman’s Boston office, will also be barred from the securities industry for five years over the alleged pay-to-play scheme, according to an SEC order.

Between November 2008 and October 2010, Morrison worked on then-state treasurer...
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