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Goldman Sachs made 220 million reporting errors over a decade, UK regulator says
Goldman Sachs is taking the expression "everyone makes mistakes" to an entirely new level. A UK regulator fined Goldman Sachs (GS) on Thursday for making 220.2 million transaction reporting errors between November 2007 and March 2017. The Financial Conduct Authority fined Goldman Sachs £34 million ($45 million), for "failing to provide accurate and timely reporting" to authorities. "These were serious and prolonged failures," Mark Steward, executive director of enforcement and market oversight at the FCA, said in a statement. The UK fines come as Goldman Sachs is mired in an unrelated corruption scandal in Malaysia ... (full story)
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- Mar 28, 2019 3:28pm Mar 28, 2019 3:28pm
- cuchuflito
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- wingit
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- cogs
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My comments are not to be taken as trading advice, not a financial advisor
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- UKBanter
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The elites think we are stupid. They are in the main quite correct.