GO
Loading...

Enter multiple symbols separated by commas

Ex-employee fined for defrauding Goldman Sachs

Goldman Sachs
Adam Jeffery | CNBC

A former employee of Goldman Sachs Group was fined $500,000 for defrauding the investment bank in December 2007 by hiding trading positions, the U.S. derivatives regulator said on Friday.

The U.S. District Court for the Southern District of New York ordered the ex-employee, Matthew Marshall Taylor, to pay the civil fine after finding he violated anti-fraud provisions.

The Court Order stems from a complaint filed by the Commodity Futures Trading Commission on Nov. 8, 2012, the agency said.

Taylor had pleaded guilty in a related criminal proceeding based on the same facts, the CFTC said.

—By Reuters.

Banks

  • Meet the 'LendingClub of China'

    Soul Htite, founder & CEO of Dianrong.com, outlines the opportunities in emerging markets like China and explains why internet companies share a "good relationship" with mainland authorities.

  • Benjamin Lawsky, superintendent of the New York State Department of Financial Services.

    NY's top financial regulator, Benjamin Lawsky, told CNBC that his agency should have focused on individual accountability earlier.

  • A recovery in India's credit growth may elude its banks until early 2016, despite an economy that likely outpaced China.