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4-Traders Homepage  >  Equities  >  Nyse  >  Goldman Sachs Group Inc    GS

Delayed Quote. Delayed  - 05/03 10:00:20 pm
163.14 USD   -1.83%
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Goldman Sachs Group, Inc. : Goldman in Settlement Talks With CFTC Over Trading Loss : Sources -FT

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11/10/2012 | 05:19pm CEST

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

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

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