The Commodity Futures Trading Commission, or CFTC, has issued an order simultaneously filing and settling charges against Goldman Sachs. The order finds Goldman violated the cease-and-desist provision of a prior order and committed recordkeeping violations in connection with its failure to properly record and retain certain audio files. The order requires Goldman to pay a $5.5M civil monetary penalty and to cease and desist from further violations of the recordkeeping provisions of the Commodity Exchange Act and CFTC regulations, as charged.
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