By Kyle Brasseur2023-08-17T18:26:00
Goldman Sachs agreed to pay $425,000 as part of a settlement with the Financial Industry Regulatory Authority (FINRA) addressing allegations of reporting and supervision violations regarding more than 1 million over-the-counter (OTC) options positions.
The bank failed to report or inaccurately reported OTC options positions to the large options positions reporting (LOPR) system in violation of FINRA Rule 2360(b)(5), according to the self-regulatory organization’s disciplinary action published Wednesday. Goldman neither admitted nor denied FINRA’s findings.
Between July 2018 and September 2021, Goldman’s systems for reporting OTC options positions “failed to recognize that the accounts of certain customers were under common control or acting in concert,” according to FINRA. These alleged lapses affected 1,035,000 positions.
2023-10-04T20:35:00Z By Jeff Dale
Santander U.S. Capital Markets agreed to pay $100,000 to settle allegations by the Financial Industry Regulatory Authority regarding supervision failures related to misuse of material nonpublic information.
2023-09-22T18:24:00Z By Kyle Brasseur
Miami-based broker-dealer Citadel Securities was fined $7 million as part of a settlement with the Securities and Exchange Commission addressing mismarked short and long sales caused by a coding error in the firm’s automated trading system.
2023-09-22T16:01:00Z By Kyle Brasseur
Goldman Sachs & Co. was assessed a $6 million penalty by the Securities and Exchange Commission as part of a settlement in which the financial institution admitted it submitted incomplete and inaccurate securities trading information affecting at least 163 million transactions.
2025-10-08T18:28:00Z By Adrianne Appel
Charlie Javice, a former CEO who duped JPMorgan Chase into purchasing her start up company for $175 million, has been ordered to forfeit more than $22 million by the Department of Justice (DOJ) and to spend 7 years in jail.
2025-10-07T16:08:00Z By Adrianne Appel
Georgia Tech Research Corp. (GTRC) has agreed to pay $875,000 to settle allegations first raised by two compliance officers that its cybersecurity protocols violated acceptable standards for defense contractors, the Department of Justice (DOJ) said.
2025-10-06T17:12:00Z By Adrianne Appel
Tractor Supply Company has agreed to get into compliance with California’s consumer privacy law and to pay a $1.35 million fine—the largest yet by California—to settle allegations it violated the privacy rights of customers and job applicants.
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