CME imposes $150,000 fine on Goldman Sachs for alleged CBOT rule violations
International derivatives marketplace CME Group has posted a notice of disciplinary action against Goldman Sachs & Co. LLC.
Pursuant to an offer of settlement in which Goldman Sachs & Co. LLC neither admitted nor denied the rule violation upon which the penalty is based, on October 12, 2023, the Clearing House Risk Committee found that Goldman Sachs & Co. LLC violated CBOT Rule 930.E.3.
The relevant CBOT rule states:
930.E. CALLS FOR PERFORMANCE BOND
3. Clearing members must maintain written records of all performance bond calls issued and satisfied in whole or in part.
In accordance with the settlement offer, the Committee imposed a $150,000 fine. In accepting this settlement offer, the Committee agreed to waive the fine if no similar violation is found during the next risk based examination.
