Many companies featured on Money advertise with us. Opinions are our own, but compensation and
in-depth research may determine where and how companies appear. Learn more about how we make money.

Money is not a client of any investment adviser featured on this page. The information provided on this page is for educational purposes only and is not intended as investment advice. Money does not offer advisory services.

U.S. Stocks Fall From Record as Microsoft, Google Miss on Profit
Bloomberg—Bloomberg via Getty Images

The U.S. Federal Reserve is preparing an enforcement action against Goldman Sachs Group Inc related to a leak of confidential government information to one of its employees, the New York Times reported on Monday.

The action will include a penalty of less than $50 million, the Times said, citing people briefed on the matter.

The Fed is also considering taking action against a former Goldman executive who had access to the leaked material, according to the Times, which did not name the former executive.

Representatives for Goldman and the Fed did not immediately respond to requests for comment.

The Fed penalty would come two years after revelations that an employee at the New York Fed, Jason Gross, had leaked sensitive information to a Goldman banker named Rohit Bansal. Gross and Bansal pleaded guilty to theft of government property in November.

Goldman has already paid a $50 million penalty to New York's Department of Financial Services related to the issue.