Page 34 - 期货和衍生品行业监管动态（2023年10月刊）

期货和衍生品行业监管动态

日结算价的潜在蓄意或鲁莽行为的监控措施——在 2017 年 12 月 29 日未能使用

ICE 燃料油期货合约的正确结算期，因此未能准确监控潜在的扰乱性交易活动。

因此，Goldman 未能对扰乱性交易维持适当的监督体系，这违反了 CFTC 联邦法

规第 166.3 条。

行政令进一步发现，当 CFTC 只发布要求 Goldman 说明客户订单的执行方

法，包括 Goldman 以这种方式执行客户订单的原因，以及所使用算法的完整说

明时，Goldman 在其回复信函中遗漏了有关波动率警觉控制故障的重要信息。

Goldman 未提及 VAC——而该 VAC 本应但未能在 2017 年 12 月 29 日暂停执行

Goldman 的交易算法。行政令认定，Goldman 理应知道其对该信息的遗漏导致其

在 2018 年 8 月 6 日致执法部的信函具有重大误导性，这违反了《美国商品交易

法》第 6(c)(2)条。

CFTC Orders Goldman Sachs to Pay $3 Million for Supervision Failures and

Material Omissions in a Letter to the CFTC’s Division of Enforcement (2023/9/29)

The Commodity Futures Trading Commission today issued an order

simultaneously filing and settling charges against Goldman Sachs & Co. LLC for

failure to maintain adequate supervisory systems and controls to ensure its customers’

trading was not disruptive and for material omissions in a letter to the CFTC’s Division

of Enforcement (DOE).

The CFTC order requires Goldman to pay a $3 million civil monetary penalty and

cease and desist from further violations of the Commodity Exchange Act (CEA) and

CFTC regulations, as charged.

“The CFTC takes very seriously the role of registrants’ supervisory obligations

to detect and prevent disruptive trading and to maintain the integrity of the futures

markets,” said Director of Enforcement Ian McGinley. “This settlement, and the

significant civil monetary penalty here, also reflects the CFTC’s expectation that

responses to Division inquiries be accurate and complete.”

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