Goldman, Trader Fined $1M Over Treasury Notes Snafu

Law360, New York (May 31, 2013, 5:49 PM EDT) -- CME Group Inc. has fined Goldman Sachs & Co. Inc. $875,000 and docked a star former trader $80,000 over a December 2008 incident involving a botched Treasury futures notes transaction, the exchange said Friday.

CME's business conduct committee levied the fines in a disciplinary action against Goldman and Glenn Hadden, a former trader at the firm who now works at Morgan Stanley as the global head of interest rates. CME also suspended Hadden for 10 business days from accessing its trading floors and electronic trading and...
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