US regulator orders Goldman Sachs to pay $15 million for violations of swap business standards By Reuters

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US regulator orders Goldman Sachs to pay $15 million for violations of swap business standards By Reuters


© Reuters. FILE PHOTO: The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. REUTERS/Andrew Kelly

WASHINGTON (Reuters) – The U.S. Commodity Futures Trading Commission ordered banking group Goldman Sachs (NYSE:) to pay $15 million for violations of swap business conduct standards, the agency said in a statement on Monday.

The CFTC said it found that Goldman failed to disclose dozens of pre-trade mid-market marks and also failed to communicate to clients in a fair and balanced manner based on principles of fair dealing and good faith, in violation of regulations.



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