CFTC Sends Tough Message With Burst Of Enforcement Actions

Law360, New York (March 14, 2012, 7:27 PM EDT) -- With a flurry of enforcement activity this week, the U.S. Commodity Futures Trading Commission tried to show it had learned its lesson from the MF Global debacle and is now ready to punish firms for playing fast and loose with customer funds, attorneys say.

On Tuesday, the CFTC said it had taken $7 million from a Goldman Sachs Group Inc. unit to settle allegations that the company had neglected to adequately supervise customer accounts, received $260,000 from a Chicago-based futures merchant to resolve similar claims, and...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.