Goldman Sachs Fined $6 Million by SEC for Inaccurate Trading Data Over 10 Years

SEC fines Goldman Sachs $6 million for providing incomplete and inaccurate trading data to regulator
Violations occurred over roughly 10 years and affected over 160 million transactions
Data provided in electronic "blue sheet" requests that SEC uses to identify buyers and sellers
Goldman admitted to findings and agreed to pay fine and censure
Firm self-reported some errors after internal review but SEC found insufficient processes to verify data accuracy

cnbc.com

Relevant topic timeline:

9/13/2023

Goldman Sachs Fires Executives for Policy Violations in Transaction Banking Unit

Goldman Sachs fires multiple executives in its transaction banking unit for violating the firm's communications policy and failing to cooperate with the compliance department.

10/9/2023

Big Banks Fined $53 Million for Failing to Report Derivatives Data

JP Morgan Chase, Bank of America, and Goldman Sachs have been fined by the Commodity Futures Trading Commission (CFTC) for failing to properly report millions of transactions in the swaps market, with Goldman Sachs receiving the biggest penalty of $30 million due to "unprecedented failures" in swap data reporting.