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Goldman Sachs pays fine in Australia

The Australian Securities & Investments Commission alleges that Goldman Sachs caused the price of a stock to climb 95% because of an erroneous trade order.
Goldman Sachs pays fine in Australia
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. Goldman Sachs has paid the A$35,000 ($32,716) penalty. The error caused the price of AP Eager to rise from the last traded price of A$14.85 to A$29, representing a 95% increase, when it was sent to the market on May 17, 2012, said the Australian Securiti…
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