Japanese regulator penalises Goldman

JAPAN - Japanese regulators slapped heavy penalties on Goldman Sachs on 27 June after the US bank admitted it had misquoted prices in the online warrants market in Tokyo, as reported in the FT London.

The Financial Services Agency, the main banking watchdog, said it would bar Goldman Sachs from trading in the covered warrants market for two weeks, starting on 2 July, and prevent it from issuing warrants for four weeks. Covered warrants carry the right to buy existing shares at a fixed price.

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