Fed Ends 2018 Goldman Enforcement Action Over Forex Traders

The Federal Reserve said on Thursday that it has terminated a years-old enforcement action with Goldman Sachs Group Inc. that stemmed from allegations the firm’s foreign exchange traders improperly shared information about client orders on an electronic chat room.

The bank previously reached a 2018 settlement with the Fed and New York’s Department of Financial Services to resolve the allegations that involved conduct from years earlier. In its May 2018 order over the matter, the Fed said Goldman “must continue to implement additional improvements in its internal controls, compliance, risk management and audit programs” related to the matter.

Read More: ...