You can now read 10 articles in a month for free on Read as much as you want anywhere and anytime for just 99¢.

The Boston Globe


Goldman settles claims from 2007 for $1.5m

NEW YORK — Goldman Sachs has settled federal accusations that it failed to supervise a trader who fabricated ‘‘huge’’ positions at the bank, striking a deal that included $1.5 million in fines and broader regulatory sanctions.

The Commodity Futures Trading Commission’s case against Goldman stems from late 2007, when Matthew Marshall Taylor, then a trader at the Wall Street firm, was accused of entering fabricated trades that concealed a $8.3 billion trading position. The position resulted in nearly $119 million of losses for Goldman.

Loading comments...

You have reached the limit of 10 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week