Goldman Launches Initiative to Address Gaps Following Fed Oversight

Posted on August 24th, 2023 at 11:27 AM
Goldman Launches Initiative to Address Gaps Following Fed Oversight

From the desk of Jim Eccleston at Eccleston Law

Goldman Sachs Group Inc. is experiencing a hiring spree due to a new wave of regulatory scrutiny in the US. The company's leaders are actively seeking to address the concerns raised by banking supervisors by expanding their workforce. Goldman's new hiring push is the first tangible fallout to emerge from regulators' heightened interest in the firm.

Goldman Sachs is actively recruiting hundreds of new employees to handle concerns from authorities, including the Federal Reserve. According to AdvisorHub, the firm is bolstering its back-office staff despite simultaneously reducing executives from revenue-generating positions due to a business slowdown.

It remains uncertain which specific deficiencies the firm aims to rectify, as it has mostly discontinued its consumer bank expansion, which prompted inquiries from the Fed the previous year.

 

Eccleston Law LLC represents investors and financial advisors nationwide in securities, employment, transition, regulatory, and disciplinary matters.

Tags: eccleston, eccleston law

Return to Archive

TESTIMONIALS

Previous
Next

Fantastic news!!!!  Your professionalism, support and expertise were greatly appreciated.  You made a difficult situation much more bearable.

Marci M.

LATEST NEWS AND ARTICLES

September 17, 2025
FINRA Suspends Centaurus Dallas Broker Over Excessive Alternative Investment Sales

FINRA has suspended a Centaurus Financial broker, William Burks, for four months after finding he placed as much as 91 percent of a client’s net worth into illiquid alternative investments.

September 16, 2025
Former Morgan Stanley Advisors Win Partial Court Victory in Client Solicitation Dispute

Two former Morgan Stanley advisors in Hackensack, New Jersey have defeated Morgan Stanley’s initial effort to block them from soliciting clients, according to an August 15 order from New Jersey Superior Court.

September 15, 2025
California Young-Gun Investor Charged in Alleged $6 Million Ponzi Scheme

Federal prosecutors have accused Mihir Deepak Sukthankar, a California resident once celebrated as a teenage trading “prodigy,” of orchestrating a multi-million-dollar Ponzi scheme.