CME Group fines Goldman Sachs (GS) $875K (not a typo) over its failure to "diligently supervise"...


CME Group fines Goldman Sachs (GS) $875K (not a typo) over its failure to "diligently supervise" a top Treasury futures trader in 2008. The trader - who now works at Morgan Stanley - will also be suspended from CME access for 10 days. As is customary, neither the trader nor Goldman admitted or denied the violations.
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Comments (2)
  • Ted Bear
    , contributor
    Comments (704) | Send Message
     
    Another regulatory coup! Five years! They really nailed this guy right in his tracks.

     

    Every time you see one of these things you realize that the financial markets are completely unregulated. It's a wild west free-for-all!
    31 May 2013, 04:15 PM Reply Like
  • ppk721
    , contributor
    Comments (46) | Send Message
     
    BAN the prick from the exchange--10 days-- this bum made so much $$$ you could give him 2 years off and hes still ahead of the game--the CME group has some set of balls--or the lack of
    31 May 2013, 05:39 PM Reply Like
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