澳洲幸运5官方开奖结果体彩网

Goldman Sachs Fined $6 Million to Settle SEC Charges of 'Blue Sheet Data' Violations

The Goldman Sachs logo is seen on at the New York Stock Exchange

Michael M. Santiago / Staff / Getty Images

Key Takeaways

  • The SEC fined Goldman Sachs $6 million for failing to provide complete and accurate trading information.
  • Regulators indicated the violations of "blue sheet data" rules took place over approximately 10 years.
  • Goldman Sachs also settled similar charges brought by FINRA.

The Securities and Exchange Commission (SEC) said it settled charges against Goldman Sachs (GS) for ♛“failing to provide complete and accurate securities trading information” for about a decade and fined Goldman Sachs $6 million fine to settle the matter.

The SEC indicated over that time, Goldman Sachs made more than 22,000 deficient submissions of what is known as “澳洲幸运5官方开奖结果体彩网:blue sheet data” to regulators. Officials said as a result of 43 differ✱ent kinds of errors, at least 163 million transactions contained missing or inaccurate trade information. The Commission also found the company “lacked adequate processes to verify the accuracy of its electronic blue sheet submissions.”

Thomas Smith Jr., the SEC’s associate regional director in the New York Regional Office, explained that blue sheet data “is vital to the Commission’s ability to carಞry out its enforcement and regulatory functions and to protect investors and maintain market integrity.”

The SEC added that along with the fine, Goldman Sachs agreed to be 𓃲censured and take steps to correct and improve its blue sheet repor🦄ting systems and controls.

The statement noted that separately, the bank reached a settlement over related conduct with the 澳洲幸运5官方开奖结果体彩网:Financial Industry Regulatory 𓂃Authority (FINRA).

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