Goldman Sachs Group Inc (GS.N) must pay $ 1.8 million for not "essential" details of their orders from their alternative trading system to the system that tracks this information, and other shortcomings, said a source from Wall Street.
Other violations by Goldman include sending incorrect data to FINRA for more than eight years, said FINRA.
In addition, Goldman places did not have adequate controls to detect and prevent violations.
The violations are occurring in several different between 2006 and 2014, according to FINRA. During the period between 2011 and 2013, Goldman Sachs failed to submit information on more than 6.3 billion "orders" to FINRA, the regulator said. The figure represents 6.1% of all the information that Goldman were required to send in the period, according to FINRA.
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