Finra fines Goldman dark pool

Fine related to pricing errors over eight-day period in 2011

The Financial Industry Regulatory Authority levied an $800,000 fine on the execution and clearing unit of Goldman Sachs, related to pricing errors in the dark pool trading unit over an eight-day period in 2011.

According to Finra, Goldman failed to have reasonably designed written policies and procedures in place to prevent such trade-throughs of protected quotations in connection with trading in its proprietary alternative trading system, Sigma-X.

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