FINRA Fines Goldman Sachs $800K Over Dark Pool Trades

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The Financial Industry Regulatory Authority (FINRA) has fined Goldman Sachs Group Inc (NYSE:GS) $800,000 for failing to prevent trade-throughs on 395,000 trades from its SIGMA-X dark pool between July 29, 2011 and August 9, 2011. Goldman Sachs also returned $1.67 million to investors whose trades were affected during that period.

FINRA Fines Goldman Sachs $800K Over Dark Pool Trades

 

Market data latency caused the trade-throughs: FINRA

“It is imperative that firms take steps to ensure compliance with the

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