US prosecutors at the Fraud Section of the Justice Department and the Federal Futures Trading Commission ( CFTC ) have sent requests to several banks , including Goldman Sachs , to provide them with information regarding a probe into whether their traders rigged auctions on Treasury debt , say sources . With the CFTC investigation , there are reports that investigators are examining futures trading that takes place ahead of and around Treasury auctions , with possibly a focus on allegations of manipulation , rather than collusion , due to the efforts of the Fraud Section .
US prosecutors at the Fraud Section of the Justice Department and the Commodity Futures Trading Commission (CFTC) have sent requests to 22 banks, including Goldman Sachs, to provide them with information regarding a probe into whether their traders rigged auctions on government debt, say sources. With the CFTC involved, there are suggestions that investigators are examining futures trading that takes place ahead of and around Treasury auctions, with possibly a focus on allegations of manipulation, rather than collusion, due to the involvement of the Fraud Section.