FINRA slapped Barclays Capital, Goldman Sachs and Bank of America Merrill Lynch $1 million each in fines for submitting incomplete blue sheets. The three banks declined to comment.
FINRA alleges that the investment banks omitted data on stock and trade-related transactions. The omissions included customer names and contact information, and some reports contained inaccurate data. All three firms have a previous history of submitting inaccurate blue sheets, the regulator said in a statement.
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