SEC fines Goldman Sachs $6 million over inaccurate, incomplete trading information

routinely sends these electronic requests to brokers for securities trading information to identify buyers and sellers.

"Firms must provide complete and accurate blue sheet data in response to our requests," Thomas P. Smith Jr., associate regional director in the SEC's New York Regional Office, ."Blue sheet data is vital to the Commission's ability to carry out its enforcement and regulatory functions and to protect investors and maintain market integrity."Sign up for NBC Philadelphia newsletters.The firm is"pleased to have resolved this matter," Abbey Collins, a spokesperson for Goldman Sachs, told CNBC.

The firm self-reported 29 of the 43 types of errors detected by the SEC after an internal review. But the SEC also found that Goldman had insufficient internal processes to verify the accuracy of its blue sheet submissions.

Source: Digital Coin News (digitalcoinnews.net)

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