New York (Reuters) -Goldman Sachs will pay a civil fine of $ 1.45 million to settle the US regulator claims that the Wall Street Bank has been accurately failed to report the stock market deals.
The Financial Industry Regulatory Authority said on the approval order on Tuesday that the coding errors in Goldman led to inaccurate reports of 36.6 billion trading to the CAT CAT warehouse, which helps the regulator control markets.
CAT is an acronym for a unified script.
Vinra also said that the failure of technology caused Goldman in October and November 2021 to prepare notes for 90.8 million people inaccurately, with 6.9 million merchants and the issuance of more than 372,000 commercial confirmation. She said the failure also prompted Goldman to report 98,322 merchants that had not been reported.
The settlement also deals with alleged supervision failures.
Goldman did not recognize or deny violations of approval of stability. He had no immediate comment on Wednesday.
(Participated in the reports of Jonathan Stempble in New York; Liberation by Mark Porter)
https://media.zenfs.com/en/reuters-finance.com/11cd1e1c4c0f444229d1a0da6ed4587f
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