Goldman to Pay $6.75 Million to Settle Options Claims
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Goldman Sachs Group Inc. agreed to pay $6.75 million to eight U.S. exchanges to settle claims over the way it handled options trades from January 2004 through May 2010, according to a document on the Chicago Board Options Exchange’s website.
The New York-based securities firm mislabeled certain options orders as originating with customers instead of brokers or market makers, potentially giving them access to preferential treatment, according to a letter of consent. Goldman Sachs, which was censured by the exchanges, neither admitted nor denied wrongdoing.