Goldman Sachs pays fine in Australia

Sep 1, 2014

The Australian Securities & Investments Commission alleges that Goldman Sachs caused the price of a stock to climb 95% because of an erroneous trade order.

Australia’s securities regulator has fined Goldman Sachs for a fat-finger error that an equities trader sent to the country's main stock exchange, despite the trader acknowledging a warning sent by the bank's internal programme.

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