Goldman Sachs Fined $45 Million for Reporting Failures

The United Kingdom’s market watchdog has fined Goldman Sachs International £34.3 million pounds (45 million US) for failing accurate reporting of transactions for over a decade. The company resolved the case quickly in order to avoid a higher fine of £49 million pounds. Goldman Sachs is the 14th financial firm to be fined for transaction reporting failures under the European Union securities law known as MiFID.

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