Goldman to pay US$6 million to settle SEC charges over deficient trading data
GOLDMAN Sachs Group agreed to pay US$6 million to settle US Securities and Exchange Commission (SEC) charges over providing deficient trading data, the regulator said in a statement on Friday (Sep 22).
The settled charges over Goldman’s failure to provide complete and accurate trading data information known as “blue sheet data” mark the latest effort by the SEC to penalise Wall Street firms for failing to comply with core record-keeping and compliance rules.
“Blue sheet data is vital to the Commission’s ability to carry out its enforcement and regulatory functions and to protect investors and maintain market integrity,” said Thomas Smith Jr, an official with the SEC’s New York office.
A Goldman spokesperson said the firm is pleased to have resolved the matter. REUTERS
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Jack Ma-backed Ant’s profit fell 19% as regulations curb growth
Warburg Pincus is relocating a New York dealmaker to Singapore
China extradition worries grow for convicted money launderer deported to Cambodia
Coinbase investigating system outage as crypto prices slide
Blackstone-led consortium eyes snacks business of India’s Haldiram’s: sources
Japanese bond yields climb to decade highs on BOJ policy bets