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Goldman Sachs Hit with $7M Penalty for Software Glitch

July 7, 2015 by Ryan Boysen

U.S. regulator, the SEC has hit investment banking giant Goldman Sachs with a $7 million penalty for allegedly violating the market access rule, “in connection with a trading incident that resulted in erroneous executions of options contracts,” officials say. An SEC investigation found that Goldman sent out roughly 16,000 mispriced options to various exchanges in… Read More >>

Filed Under: General Interest, Regulation & Compliance, Industry News Tagged With: CFTC, derivatives, Dodd-Frank, EMIR, Goldman Sachs, market access rule, operations, Options, SEC, SEC enforcement

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