(Editor’s note: Goldman Sachs recently settled charges of alleged swap-trading violations with the CFTC for $15 million. Our story about the matter can be found here: https://bit.ly/41Xa3Jx. The regulator alleges that the firm did not provide clients with “the transparency that the regulations require.” The CFTC also alleges that Goldman Sachs “failed to disclose dozens… Read More >>
Merrill Lynch Commodities Penalized $36.5M for Spoofing
The CFTC reports that it has settled charges against Merrill Lynch Commodities, Inc. (MLCI), a provisionally registered swap dealer that is part of the Bank of America Corp. (BAC), for “spoofing, manipulation, and attempted manipulation over a six-year period with respect to certain precious metals futures contracts.” The settlement will cost MLCI an estimated $25… Read More >>
CFTC Grants Relief for Swap Dealer’s CCO
The chief compliance officer (CCO) of an as-yet unnamed swap dealer has been granted relief from certain reporting line requirements under CFTC regulations, officials say. The CFTC’s Division of Swap Dealer and Intermediary Oversight (DSIO) provided conditional no-action relief to a provisionally registered swap dealer, according to a commission statement, permitting the firm, subject to… Read More >>
