FCA Fines Goldman Sachs £34.3M For Reporting Failures

Law360, London (March 28, 2019, 10:47 AM GMT) -- Goldman Sachs International has been fined £34.3 million ($45 million) after misreporting more than 220 million transactions in breach of the European Union’s securities rulebook, the U.K.'s Financial Conduct Authority said on Thursday.

The Financial Conduct Authority says it targeted the investment bank for shortcomings, which it described as "serious and prolonged failures," between November 2007 and March 2017. (AP) The City watchdog targeted the investment bank for shortcomings — described as "serious and prolonged failures" — between November 2007 and March 2017. The penalty broke the watchdog's previous record for similar failings, which it set earlier this month when it...

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