UK watchdog fines Goldman Sachs $45 million for reporting failures

A sign is displayed in the reception of Goldman Sachs in Sydney, Australia, May 18, 2016. REUTERS/David Gray/File Photo

March 28, 2019

LONDON (Reuters) – Britain’s markets watchdog said on Thursday it has fined Goldman Sachs 34.3 million pounds ($45.07 million) for failing to provide accurate and timely reporting of transactions spanning a decade.

“These were serious and prolonged failures,” said Mark Steward, the FCA’s executive director of enforcement and market oversight.

(Reporting by Huw Jones, Editing by Iain Withers)

Source: OANN