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Goldman Pays $7m For Supervision Failures

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The U.S. Commodity Futures Trading Commission (CFTC) has announced that Goldman Sachs Execution & Clearing, L.P. (GSEC), a registered futures commission merchant based in New York, N.Y., agreed to pay a $5.5m civil monetary penalty and $1.5m in disgorgement to settle CFTC charges that it failed to diligently supervise accounts that it carried from about May 2007 to December 2009.

Goldman Hires New PR Chief

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Bloomberg reports that Goldman Sachs has hired former U.S. Treasury Department aide and presidential spokesman Richard L. 'Jake' Siewert Jr. as Global Head of Corporate Communications.

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