Goldman Pays $6.75M To End Trade-Mismarking Claims

Law360, New York (October 9, 2012, 12:54 PM EDT) -- Goldman Sachs Group Inc. has agreed to pay $6.75 million to resolve allegations by eight stock exchanges that it gave certain investors preferential treatment by mislabeling their options trades between 2004 and 2010, according to a settlement announced Monday.

Goldman will pay the fine to settle claims that it improperly marked trades by broker-dealers and market-makers as customer trades, according to a Sept. 20 document posted on the website of the Chicago Board Options Exchange, one of the eight exchanges. Customer trades are typically given priority...
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