Consolidated Audit Trail – One America News Network

Goldman Sachs fined for failing to properly report billions of trades

Goldman Sachs will pay a $1.45 million civil fine to settle a U.S. regulator’s claims that the Wall Street bank failed to accurately report data for billions of stock market trades.

WASHINGTON - SEPTEMBER 18: The U.S. Securities and Exchange Commission seal hangs on the facade of its building September 18, 2008 in Washington, DC. Republican presidential candidate Sen. John McCain (R-AZ) has called for the ouster of SEC Chairman Christopher Cox in the wake of the collapse of several giant banks on Wall Street and the resulting financial crisis. (Photo by Chip Somodevilla/Getty Images)

SEC Being Sued Over Mass Financial Data Collection

New Civil Liberties Alliance (NCLA) filed a complaint against the U.S. Securities and Exchange Commission (SEC) challenging the agency’s “Consolidated Audit Trail” (CAT), they call unconstitutional.