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
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