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Goldman Sachs Group, Inc. : Goldman in Settlement Talks With CFTC Over Trading Loss : Sources -FT

11/10/2012 | 11:19am US/Eastern

Goldman Sachs Group Inc. (GS) is in settlement talks with the Commodity Futures Trading Commission after the regulator accused one of Goldman's former traders of concealing an $8.3 billion futures position, the Financial Times reported on its Website, citing two sources familiar with the planned deal.

According to the sources, a settlement with the regulator is expected in the coming weeks, the FT reported.

A Goldman spokesman declined to comment, while an CFTC spokesman said "we do not confirm nor deny any investigations," the FT reported.

Full story at: http://www.ft.com/intl/cms/s/0/6caec5fc-2a96-11e2-a137-00144feabdc0.html#axzz2BpbfmFxp

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