NYSE Punishes Goldman, Others For Violations

Law360, New York (May 12, 2010, 8:09 PM EDT) -- The New York Stock Exchange's regulatory arm has fined three financial service companies, including an entity of The Goldman Sachs Group Inc., and suspended two individual traders for various rules violations.

Goldman Sachs Execution & Clearing LP was fined $450,000 on May 4 for nearly 70 alleged cases of failing to close out fail-to-deliver positions in certain equity securities in a timely manner, according to the latest monthly report from NYSE Regulation.

Goldman also allegedly violated NYSE rules by accepting certain equity securities short sales from...
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