Wall Street investment bank Goldman Sachs is under investigation over the fees it charges on futures trading. Bloomberg News reported This was disclosed on Thursday, citing a person familiar with the matter.
The Commodity Futures Trading Commission, the top U.S. financial regulator, privately approved subpoenas to Goldman seeking information about fees charged on some futures block trades, the report said. , added that the investigation was the result of a whistleblower complaint.
Goldman Sachs declined to comment on the report, while the CFTC did not respond to a Reuters request for comment.
Last year, Goldman Sachs paid more than $50 million in penalties to the CFTC to settle at least three lawsuits.
In April, the company agreed to pay $15 million in settlements for failing to provide adequate disclosure and fair communication for customer exchanges.
It later paid $5.5 million in civil penalties to resolve charges that it failed to keep employee cellphone call records and violated an August advance order.
It also paid $30 million for failing to diligently supervise a wide range of swap dealer activities and for “unprecedented failures related to swap data reporting.”
