By
Aaron Nicodemus2023-10-12T14:00:00
A commissioner at the Commodity Futures Trading Commission (CFTC) accused Goldman Sachs of perpetuating a corporate culture that tolerates repeated violations of the agency’s rules.
Christy Goldsmith Romero issued a concurring statement in response to the agency’s $30 million fine levied against Goldman Sachs on Sept. 29 for swaps reporting violations. She noted the firm has allegedly violated CFTC rules four times in the past 18 months, with each case resulting in financial penalties.
“As a longstanding federal enforcement official, I am significantly concerned that Goldman is a repeat defendant in federal enforcement cases,” Goldsmith Romero said. “Goldman has a long history of violating federal laws, getting caught, and then settling with federal agencies.”
2023-11-07T19:35:00Z By Kyle Brasseur
The Commodity Futures Trading Commission solidified its view that it should be a primary regulator of cryptocurrencies with a record amount of cases regarding the digital asset space in fiscal year 2023.
2023-10-19T11:33:00Z By Aaron Nicodemus
The Commodity Futures Trading Commission will consider increasing its enforcement penalties in certain cases to deter future violations of commodities law and punish repeat offenders.
2023-10-02T17:53:00Z By Kyle Brasseur
Goldman Sachs, JPMorgan Chase, and Bank of America agreed to pay penalties totaling $53 million across settlements with the Commodity Futures Trading Commission addressing alleged swap reporting failures among their respective affiliates.
2025-10-29T20:04:00Z By Oscar Gonzalez
The Consumer Financial Protection Bureau shut down a registry of non-bank financial firms that broke consumer laws. The agency cites the costs being ”not justified by the speculative and unquantified benefits to consumers.”
2025-10-28T21:11:00Z By Adrianne Appel
Senate Democrats warned OMB Director Russell Vought Tuesday that it would be illegal for the Trump administration to shut down the Consumer Financial Protection Bureau, citing a recent court decision barring actions that could severely harm the agency.
2025-10-23T20:36:00Z By Jaclyn Jaeger
It has been nearly six months now since the Department of Justice’s (DOJ) Criminal Division released its memorandum on the selection of compliance monitors. This article provides a critical analysis of the monitorships that received early terminations, those that remain in place, and the broader compliance lessons they impart.
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