Goldman Sachs to Pay $6 Million For Failing to Provide Complete Trading Information -- Update

By Will Feuer

Goldman Sachs has agreed to pay $6 million to settle charges that it failed to provide complete and accurate securities trading information, known as blue sheet data, to the Securities and Exchange Commission.

Over a decade, Goldman made more than 22,000 deficient blue sheet submissions to the SEC, according to the agency. As a result of 43 different types of errors, the submissions over that period contained missing or inaccurate trade data for at least 163 million transactions, the SEC's order found.

The SEC said Goldman violated the broker-dealer recordkeeping and reporting provisions of the federal securities laws. The SEC said Goldman admitted to the findings, and self-reported 29 of the 43 types of errors after conducting a full-scale review of its reporting program.

Separately, the Financial Industry Regulatory Authority also reached a settlement with Goldman for related conduct.

"We are pleased to have resolved this matter," a Goldman spokesperson said.

Write to Will Feuer at Will.Feuer@wsj.com

(END) Dow Jones Newswires

September 22, 2023 10:29 ET (14:29 GMT)

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