CFTC Fines Goldman Over Swaps Reporting, Futures Controls
- CFTC cites Goldman’s swap dealer activities since 2013
- Regulator also imposes fines on JPMorgan, Bank of America
Goldman Sachs headquarters in New York.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
Goldman Sachs Group Inc. has been fined by a US regulator over alleged swaps reporting failures and other violations.
The US Commodity Futures Trading Commission on Friday ordered Goldman to pay a $30 million penalty for failing to “diligently” supervise its swap dealer activities and for failures relating to swap date reporting and so-called pre-trade mid-market marks.