WASHINGTON (Reuters) – The U.S. Commodity Futures Trading Commission ordered banking group Goldman Sachs 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 mid-market 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.
(Reporting by Kanishka Singh in Washington; Editing by Chris Reese)
