Haselkorn & Thibaut, P.A., operating as Investment Fraud Lawyers, represents investors who have suffered losses due to misconduct, unsuitable recommendations, or negligence at brokerage firms Nationwide-investor-losses/”>Nationwide-investor-losses/”>Nationwide. Our 95+ years of combined experience and 98% success rate give us the insight to identify violations and build strong claims for recovery.
About Goldman Sachs
Goldman Sachs is a global wirehouse and wealth management firm with the Financial Industry Regulatory Authority (FINRA). The firm serves individual and institutional investors across the United States through a network of registered representatives and financial advisors.
Common investor complaints at Goldman Sachs
Investors working with Goldman Sachs have reported issues including:
- Unsuitable investment recommendations
- Overconcentration in high-risk or illiquid products
- Failure to supervise registered representatives
- Churning or excessive trading
- Unauthorized transactions
- Misrepresentation of investment risks
- Breach of fiduciary duty
FINRA arbitration and regulatory data
The following reflects publicly available FINRA BrokerCheck disclosures, arbitration awards, and regulatory actions involving Goldman Sachs:
– **2022 award; 2023 federal confirmation**
– In **Goldman Sachs & Co. LLC et al. v. Leissner**, a federal court in the **Southern District of New York** confirmed a **FINRA arbitration award dated July 27, 2022** and entered judgment for **$20,670,644** against respondent **Roger Ng Leissner**.
– **Case type:** FINRA arbitration / award confirmation
– **Dollar amount:** **$20.67 million**
– **Year:** **2022 award; 2023 confirmation**
– **Sanctioned party/advisor:** **Roger Ng Leissner** (respondent in the arbitration)
– **Recent customer/arbitration claims against Goldman Sachs**
– **2026 arbitration filing by a former adviser**
– Former Goldman adviser **Don Lavi** filed a **FINRA arbitration claim** alleging:
– **Age discrimination**
– **Wrongful termination**
– **Unlawful withholding of deferred compensation**
– The filing says Goldman gave him **24 hours** to accept an involuntary retirement or be fired.
– Lavi allegedly managed a book of business of about **$1.6 billion**, including approximately **$1.2 billion in assets under management**.
– The filing alleges Goldman forfeited **more than $1 million** in deferred compensation.
– **Case type:** Advisor employment / deferred-compensation arbitration claim
– **Dollar amounts:** **$1.6 billion** book; **$1.2 billion AUM**; **>$1 million** deferred comp
– **Year:** **2026**
– **Sanctioned advisor:** **Don Lavi** was the claimant; no Goldman advisor was sanctioned in the filing itself
– **Status note:** This is a **claim/allegation**, not an award or finalized sanction.
– **Recent regulatory action involving Goldman Sachs**
– **FINRA fine for short-sale marking errors**
– FINRA fined Goldman Sachs **$3 million** and censured the firm for mismarking stock orders as long instead of short over **2015–2018**.
– FINRA said the errors involved about **60 million short sale orders**.
– The violations led to:
– **12,355** short sale transactions for **1,596,375 shares** executed at or below the national best bid while a short-sale circuit breaker was in effect
– More than **2 million** inaccurate trade reports
– Over **7 million** inaccurate order memoranda
– **Case type:** Regulatory enforcement / trading supervision and recordkeeping
– **Dollar amount:** **$3 million fine**
– **Year:** Enforcement reported in **2019** (conduct from **2015 to 2018**)
– **Sanctioned advisor:** No individual advisor named in the cited action; the sanction was against **Goldman Sachs**
– **Additional recent arbitration-related context involving Goldman Sachs**
– **Bayou-related FINRA award upheld**
– A Second Circuit panel upheld a **$20.6 million FINRA arbitration award** against Goldman Sachs Execution & Clearing in litigation tied to the **Bayou Fund** fraud.
– **Case type:** Customer/prime-broker arbitration award
– **Dollar amount:** **$20.6 million**
– **Year:** Decision reported in **2010–2011**
– **Sanctioned advisor:** No individual Goldman advisor named; this was a firm-level award.
– **Bottom line for the last 5 years**
– The clearest **recent** Goldman Sachs items in the record you provided are:
– **2026:** Don Lavi FINRA employment/deferred-comp claim; **>$1 million** alleged withheld compensation
– **2023:** **$20,670,644** arbitration judgment confirmed in the **Leissner** matter
– The most significant **regulatory sanction** in the supplied materials is the **$3 million FINRA fine** for order-marking errors, but it arose from conduct in **2015–2018** and is slightly older than a strict 5-year window depending on how measured.
If you want, I can turn this into a **table with columns for year, action type, amount, allegations, and outcome**.
How our firm helps investors
Investment Fraud Lawyers have been involved in over $520 million in securities cases. We work on a contingency basis — no recovery, no fee. Our process:
- Free case evaluation. We review your account statements, communications, and trading history at no charge.
- Claim preparation. We draft a Statement of Claim identifying specific violations and damages.
- Discovery. We obtain internal firm records, communications, and compliance documents.
- Resolution. We negotiate settlement or present your case at a FINRA arbitration hearing.
Frequently asked questions
Can I sue Goldman Sachs directly?
Most brokerage agreements require FINRA arbitration. You typically cannot sue Goldman Sachs in court. Our firm handles FINRA arbitration claims nationwide.
How long does FINRA arbitration take?
Most cases resolve within 12 to 18 months. Many settle before a hearing.
What types of losses can be recovered?
Damages may include principal losses, consequential losses, lost opportunity costs, and in egregious cases, punitive damages.
How do I know if my losses were caused by misconduct?
Red flags include account concentration, unauthorized trades, excessive fees, and investments that do not match your stated risk tolerance. We review your statements at no charge.
Does Goldman Sachs have a history of complaints?
Goldman Sachs maintains a public BrokerCheck profile through FINRA. Investors can review disclosures, arbitration awards, and regulatory actions on the FINRA BrokerCheck website.
What does “no recovery, no fee” mean?
Investment Fraud Lawyers works on a contingency basis. We only collect a fee if we recover money for you. There are no upfront costs or hourly charges.
Contact us for a free case review
If you lost money at Goldman Sachs, contact Investment Fraud Lawyers today.
Call 1-888-885-7162 or email case@htattorneys.com
Our offices: Juno Beach, Florida | Phoenix, Arizona | New York, New York | Cary, North Carolina | Houston, Texas
Disclaimer: The information on this page is provided for educational and investigational purposes. It does not constitute legal advice. Past results do not guarantee future outcomes. Each case is evaluated on its own facts and circumstances.