The Securities and Exchange Commission (SEC) has confirmed that Goldman Sachs has paid a $7mn fine for erroneously sending 150 million 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.
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.