Do Actions Against Individual Traders for Fraud Mask Systemic Problems at Institutions

Commodities Futures Trading Association charges ex-Goldman Sachs employee.
The CFTC complaint did not name Goldman but referred to Taylor’s employer at the time of the suspected fraud only as a “large Futures Commission merchant.”
However, broker records from the Financial Industry Regulatory Authority, Wall Street’s industry funded regulator, showed that Taylor was discharged from Goldman in December 2007 for “alleged conduct related to inappropriately large proprietary futures positions in a firm trading account.  Article

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