Financial giants face US Regulator's heat

The Securities and Exchange Commission on Friday announced settlements with Goldman Sachs Group and Citadel Securities, in cases relating to mislabeling of millions of deals. Goldman agreed to pay a 6 million fee for misreporting at least 163 million trades over ten years. Citadel Securities was fined 7 million dollars when it was revealed that short sales had been mislabeled as longs due to a coding mistake.