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Goldman Sachs fined $1.8m for reporting violations

Finra says violations at US bank's execution and clearing unit spanned more than eight years

Goldman Sachs fined $1.8m for reporting violations
Photo: FN Montage

Goldman Sachs’s execution and clearing unit has been fined $1.8 million for reporting violations that spanned more than eight years, the Financial Industry Regulatory Authority said on Monday.

According to Finra, Goldman Sachs Execution & Clearing failed to transmit a "substantial number" of order-related events to Order Audit Trail System for about seven years. The events were for its alternative trading system, Finra said.

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