Goldman Sachs agreed to pay about $5.5 million to settle allegations it failed to record and retain mobile device calls made by its traders at the onset of the Covid-19 pandemic, in violation of record-keeping rules and a previous settlement agreement.
The civil fine, announced by the Commodity Futures Trading Commission on Tuesday, was the latest settlement against Goldman in relation to record-keeping failures. Goldman last September agreed to pay a total of about $200 million to the Securities and Exchange Commission and CFTC over admissions its traders used banned messaging apps, such as WhatsApp, to discuss business, in violation of record-keeping rules
‘Enforcement 40’ for 2020
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