Goldman Fined $1.8 Million by Finra Over Inaccurate Trading Data

Goldman Sachs Group Inc. agreed to pay $1.8 million to resolve Financial Industry Regulatory Authority claims that one of its units submitted inaccurate trading information over a period of eight years.

Goldman Sachs agreed to resolve the claims without admitting or denying the findings, Finra said in a statement Monday. Wall Street’s self-funded regulator accused the bank of sending bad data to the Order Audit Trail system, which Finra uses to monitor the trading practices of regulated firms.