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@ Layer3.news
2025-05-14 13:49:14
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GOLDMAN SACHS FINED FOR FAILING TO PROPERLY REPORT BILLIONS OF TRADES
https://media.zenfs.com/en/reuters-finance.com/11cd1e1c4c0f444229d1a0da6ed4587f
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✍️ Goldman Sachs has agreed to pay a $1.45 million fine to settle claims that it failed to accurately report data for billions of stock market trades due to coding errors and a technology failure.
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👉 Goldman Sachs agreed to pay a $1.45 million fine to settle claims
👉 Coding errors led to inaccurate reporting of 36.6 billion trades
👉 Technology failure caused inaccurate reporting of 90.8 million order memoranda, 6.9 million trades, and 372,000 trade confirmations
👉 Settlement also addresses alleged supervisory failures
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#JonathanStempel #MarkPorter #NewYork #business
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