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Goldman Sachs and Citadel Securities settle SEC recordkeeping charges

Image of an electronic storage center and a man working on some wiring.
Photo: Sean Gallup/Getty Images

SEC repeats its warnings to firms about the importance of record retention.

US regulators are on a mission to make financial services firms take their recordkeeping obligations seriously on all fronts, and the latest actions showcase a concern for the completeness and accuracy of routine records.

On Friday, the SEC announced settled charges and a $6m penalty against Goldman Sachs & Co, LLC