Aug 7 Goldman Sachs Group Inc said it was
being investigated for its U.S. alternative trading system and
for the potential misuse and circulation of non-public
information related to its corporate developments.
Fox Business Network reported this week that New York's
attorney general was investigating the alternative trading
systems, also known as "dark pools", run by Goldman and Morgan
Goldman, in a filing on Thursday, did not specify who was
conducting the investigation. (bit.ly/1veATeY)
A unit of Goldman Sachs was fined in July over pricing rule
violations stemming from its dark pool SIGMA-X.
Dark pools are broker-run trading venues that let investors
trade shares anonymously and only make trading data available
afterwards, reducing the chance of information leaking about
Goldman also lowered its unreserved legal costs to $3.2
billion at the end of June from $3.7 billion at the end of
March, it said in the filing.
(Reporting by Tanya Agrawal; Editing by Saumyadeb Chakrabarty)