Goldman Sachs Group Inc will pay a $10 million civil fine and stop giving favored clients trading ideas developed at huddles, according to Massachusetts Secretary of the Commonwealth William Galvin.

According to a consent order dated Thursday, Goldman research analysts would contact priority clients to talk about topics discussed at sector team meetings known as huddles, including ideas about potential short-term trades.

Goldman did not admit wrongdoing in agreeing to settle.

(Reporting by Jonathan Stempel; Editing by Lisa Von Ahn)

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