Goldman Sachs settled charges Monday with the Commodity Futures Trading Commission that it violated standards related to equity index swap transactions....
Goldman Sachs GS, +0.53% settled charges Monday with the Commodity Futures Trading Commission that it violated standards related to equity index swap transactions.
Goldman admitted that it failed to make necessary disclosures for “same-day” swaps to clients in 2015 and 2016, the CFTC said Monday. “The purpose of the CFTC’s Business Conduct Standards is to promote transparency and fairness in the swaps market,” said Ian McGinley, the CFTC’s director of enforcement, in a statement.
“The CFTC is committed to ensuring that swap dealers abide by these standards, so that swap counterparties receive disclosures allowing them to assess material aspects of the swaps before entering into them,” he added. The CFTC order found that Goldman “opportunistically solicited or agreed to enter into same-day swaps only on days and at times that were financially advantageous to Goldman and disadvantageous to its clients.”
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
SAG-AFTRA Health Plan to Pay $15 Million to Resolve Ed Asner’s Class Action LawsuitThe SAG-AFTRA Health Plan announced on Monday that it has agreed to pay $15 million to older performers who lost health coverage due to eligibility changes made in 2020. Under a settlement agreemen…
Weiterlesen »
Goldman Sachs downgrades this commercial real estate stock on difficult macro environmentThis commercial real estate stock isn't likely to recover this year on higher interest rates and stiff free cash flow, Goldman Sachs says
Weiterlesen »
Wall Street banks to reveal weak quarterly earnings, bleak outlook for 2023Earnings per share of the six largest US banks including JPMorgan Chase, Morgan Stanley, and Goldman Sachs are expected to decline by around 10% from the previous year.
Weiterlesen »
Harlan Crow, who gave lavish trips to Clarence Thomas, has donated $13M to GOPHarlan Crow is a GOP megadonor who has donated at least $15 million over three decades. He and Clarence Thomas say they're genuine friends, amid an uproar...
Weiterlesen »
Dollar to Play Lesser Role Due to Its Weaponization, Digital Currencies, Economist Jeffrey Sachs Says – Finance Bitcoin NewsWithin the next decade, the U.S. dollar will play a much less dominant role than it is today, according to Jeffrey Sachs.
Weiterlesen »
‘Crypto Dad’ on the Digital Future of Public Money | Event | Consensus 2023 | CoinDeskA former CFTC Chairman, known for his advocacy of digital finance, discusses the mission to ensure that both sovereign and non-sovereign digital currencies of tomorrow protect and advance the interests and values of a free society rather than serving as government or corporate surveillance tools.
Weiterlesen »