Violation Tracker Individual Record

Company: 
Goldman Sachs Execution & Clearing LP
Current Parent Company: 
Goldman Sachs
Penalty: 
$7,000,000
Primary Offense: 
financial institution supervision failures
Violation Description: 

The U.S. Commodity Futures Trading Commission announced that Goldman Sachs Execution & Clearing, L.P. agreed to pay a $5.5 million civil monetary penalty and $1.5 million in disgorgement to settle CFTC charges that it failed to diligently supervise accounts that it carried from about May 2007 to December 2009.

Year: 
2012
Agency: 
Commodity Futures Trading Commission
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
New York
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.