Goldman Sachs fined $45m by UK watchdog for reporting failures

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Reuters
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1553770397599303200
Thu, 2019-03-28 10:50

LONDON: Britain’s markets watchdog said on Thursday it had fined Goldman Sachs International a record $45 million (£34.3 million) for failing to provide accurate reporting of transactions over a decade.
“These were serious and prolonged failures,” said Mark Steward, the Financial Conduct Authority’s executive director of enforcement and market oversight.
Goldman agreed to resolve the case speedily, thus qualifying for a 30 percent discount to avoid a fine of £49 million.

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