Dealbook’s Suzanne Craig reports that Goldman Sachs and
Glenn Hadden, one of Wall Street’s top traders, have been fined by the CME
Group over a Treasury futures trade in 2008.
The CME Group, which runs commodity and futures exchanges, has
notified both Goldman and Mr. Hadden, once a trader and partner at Goldman
Sachs who now runs the global interest rates desk at Morgan Stanley, that both
face fines and other sanctions in connection with the trade, according to a
disciplinary action reviewed by The New York Times.
Goldman has been ordered to pay $875,000 and was cited for
failure to supervise Mr. Hadden. Mr. Hadden has been ordered to pay $80,000....
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