Who is at fault for Goldman Sachs’s $5.5 million fine?
While the CFTC says the bank is to blame for record-keeping failures that transpired at the start of the pandemic, others say it was two vendors who let the bank down.
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This past August, Goldman Sachs found itself in the crosshairs of the Commodity Futures Trading Commission. The regulator charged that the bank had both violated a cease-and-desist provision of a prior order and committed record-keeping violations where the firm did not properly record and retain specific audio files. The CFTC ordered Goldman to pay $5.5 million as a penalty.
That order did not specifically name the vendors whose technology was at the center of the case, but one of the agency’s
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