Goldman Sachs to pay $3 million to FINRA, major exchanges for alleged rule violations
Goldman Sachs & Co. LLC has agreed to pay a total fine of $3 million, of which $1.14 million is payable to FINRA.
Goldman Sachs & Co. LLC has agreed to pay a total fine of $3 million, of which $1.14 million is payable to FINRA.
A total of 16 Wall Street firms have agreed to pay combined penalties of more than $1.1 billion to settle SEC charges.
The CFTC has imposed a total penalty exceeding $710 million on 11 major banks, including Citi, Bank of America and Goldman Sachs.
During June 2022, Goldman Sachs inaccurately reported its large trader positions and submitted position adjustments after the prescribed deadline.
Goldman Sachs International (GSI) agreed to pay a monetary penalty of $125,000 and disgorge $1,319,249 in profits.
Goldman Sachs had no automated system or exception reports to verify that traders were accurately recording options order transmission times.
Goldman Sachs posted Global Markets net revenues of $7.87 billion for the first quarter of 2022, 4% higher than a year earlier.
The DOJ pushes for a prison sentence of 30 to 37 months for Puneet Dikshit, an insider trader who profited from Goldman Sachs’ acquisition of Greensky.
Roger Bartlett had been with Goldman Sachs for 16 years, most recently as MD – Global Co-Head of Operations for Global Markets.
Goldman Sachs saw net revenues in Global Markets amount to $3.99 billion in the fourth quarter of 2021, 7% lower than a year ago.