SECURITIES
<i> Times Staff and Wire Reports</i>
Goldman Sachs to Pay $250,000 Fine: The big investment bank agreed to pay the penalty to the New York Stock Exchange for allegedly filling its own trading orders ahead of its clients’, exchange spokesman Raymond Pellecchia said. “Essentially, the charges involved a failure to supervise and involved allocating trades to customers that were inferior to trades the firm allocated to itself,” Pellecchia said. A bank spokesman declined comment.
