The SEC's case against Morrison continues, but today's news out from the SEC is that Goldman Sachs has agreed to settle the charges by paying $7,558,942 in disgorgement, $670,033 in prejudgment interest, and a $3.75 million penalty. The SEC said that this is the largest fine ever imposed by the SEC for Municipal Securities Rulemaking Board pay-to-play violations. This enforcement action was coordinated with a related action filed by the Massachusetts Attorney General against Goldman Sachs.