05:10 PM EDT, 05/14/2025 (MT Newswires) -- (Updates with Goldman declines to comment in the last paragraph.)
Goldman Sachs ( GS ) will pay a $1.45 million fine for failing to report accurate data for billions of equity trades and related supervisory lapses, the Financial Industry Regulatory Authority said on its website.
The inaccurate data for 36.6 billion equity order events reported to the CAT Central Repository occurred from June 2020 to June 2023 "due to inadvertent coding errors," the regulator said.
In October and November 2021, Goldman issued 90 million inaccurate order memoranda, inaccurately reported 6.8 million trades and overreported 98,000 trades to a reporting facility and issued 372,000 inaccurate trade confirmations due to a technology failure, the regulator said.
Goldman didn't admit or deny wrongdoing, the regulator said.
Goldman declined to comment to MT Newswires.