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CFTC roundup: assets fraud and misappropriation of investor’s funds

People walk past the New York Stock Exchange
Photo: Getty Images

Two big fraud schemes feature in the latest of our regular regulatory roundups.

Last week, we reported that Goldman Sachs was fined $15m for violating the CFTC’s Business Conduct Standards, and failing to disclose PTMMMs. The company also allegedly traded at times that were financially advantageous to the company and disadvantageous to the clients.

Besides this charge, two other actions were taken