NFA Suspends N.Y. CPO

Feb 10 2009 | 2:04am ET

The National Futures Association has suspended Mark Bloom, a commodity pool operator based in New York, for failing to cooperate with its investigation of him and his North Hills Management.

Bloom has been charged with running an illegal commodity pool, which raised $8 million from a charitable trust and a corporation owned by that trust. His suspension will remain in effect until he shows the NFA that he is in complete compliance with all its requirements.


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The U.S. Commodity Futures Trading Commission (CFTC) ordered The Goldman Sachs Group Inc., and Goldman, Sachs & Co. to pay a $120 million penalty for attempted manipulation and false reporting of ISDAFIX Benchmark Rates, a global benchmark for interest rate products.