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Violation Tracker Individual Record

Company: Goldman Sachs & Co. LLC
Current Parent CompanyGoldman Sachs
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $30,000,000
Year: 2023
Date: September 29, 2023
Offense Group: financial offenses
Primary Offense: investor protection violation
Secondary Offense: financial institution supervision failures
Violation Description: Goldman Sachs was fined $20 million for failing to diligently supervise a wide range of its swap dealer activities, and for unprecedented failures regarding swap data reporting and the disclosure of Pre-Trade Mid-Market Marks in violation of multiple sections of the Commodity Exchange Act (CEA) and CFTC regulations.
Level of Government: federal
Action Type: agency action
Agency: Commodity Futures Trading Commission
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking & securities
Source of Data(click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.