U.S. regulator orders Goldman Sachs to pay US$15-million for violations of swap business standards

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The CFTC said it found that Goldman failed to disclose dozens of pre-trade mid-market marks

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 midmarket 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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