WASHINGTON, Sept 30 — The US Commodity Futures Trading Commission on Friday ordered Goldman Sachs, Bank of America and JPMorgan to pay a total of over US$50 million (RM235...
WASHINGTON, Sept 30 — The US Commodity Futures Trading Commission on Friday ordered Goldman Sachs, Bank of America and JPMorgan to pay a total of over US$50 million to settle charges of swap reporting failures and other violations, the agency said.
Goldman Sachs was penalised for failing to diligently supervise a wide range of its swap dealer activities, and “for unprecedented failures regarding swap data reporting,” the commission said.
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