Goldman settles SEC charges over 2013 trading incident

The SEC said Goldman mistakenly sent about 16,000 mispriced options orders to various exchanges. The SEC said the problem was compounded when an employee in Goldman's "Mission Control" unit, which monitored the bank's trading systems, manually lifted circuit breakers designed to block errant orders, believing he had authority and because no one objected. Goldman was charged with violating the SEC's "market access" rule, which requires brokerages that provide customers with direct market access to have reasonable risk and supervisory controls designed to prevent disruptions.

Goldman settles SEC charges over 2013 trading incident source: http://finance.yahoo.com/news/goldman-settles-sec-charges-over-182809835.html