CFTC fines Goldman $1.5M for failing to supervise ex-trader who hid trade, cost firm $118M

Canadian Press, The Canadian Press
0 Comments| December 7, 2012

WASHINGTON - Goldman Sachs & Co. is paying $1.5 million to settle civil charges that it failed to properly supervise a former trader who cost the firm more than $118 million.

The Commodity Futures Trading Commission announced the action Friday. The CFTC says Goldman also agreed to make changes in its supervision procedures for futures trading.

© The Canadian Press, 2005

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