Goldman Sachs to pay $450,000 fine for illegal short-selling

Mark Sands
02 Jun 2010

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

NEW YORK – Goldman Sachs has been condemned by the Securities and Exchange Commission (SEC) and NYSE Regulation for failing to implement controls to comply with regulations against ‘naked’ short-selling between September 2008 and January 2009. Goldman was also fined over allegations that it took part in illegal naked shorting.

The bank agreed, without admitting or denying wrongdoing, to pay fines of $450,000 after the NYSE Regulations body found 385 separate instances of transactions failing to

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact [email protected] to find out more.

You are currently unable to copy this content. Please contact [email protected] to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]