The Securities and Exchange Commission ( plc ) has alleged that Goldman Sachs has imposed a $ 7mn penalty for erroneously selling around 16,000 options orders over less than an hour all options - priced at $ 1 , due to a lack of controls over the availability of a new computer functionality .
The Securities and Exchange Commission (SEC) has confirmed that Goldman Sachs has paid a $7mn fine for erroneously sending around 16,000 options orders over less than an hour all mis-priced at $1, due to a lack of controls over the introduction of a new computer functionality.