The top U.S. futures regulator said on Monday he recused himself from the investigation of MF Global Holdings Ltd , the brokerage that filed for bankruptcy last week, so that he wouldn't be a distraction."I chose to not participate in these potential or possible enforcement matters," Gary Gensler, chairman of the Commodity Futures Trading Commission, told a conference hosted by the Securities Industry and Financial Markets Association, or SIFMA."We have excellent career staff at the CFTC that handle these matters ... and I didn't want my participation in any way to be a distraction," he said, adding that he made the decision "well before" Republican Senator Charles Grassley on Friday publicly called on Gensler to recuse himself.Gensler has had close ties to MF Global's former chief executive, Jon Corzine. Both worked at Goldman Sachs Group Inc at the same time and held prominent positions, and both left the investment bank in the late 1990s.
The Goldman Sachs Group, Inc. (Goldman Sachs) is a bank holding and a financial holding company. Shares of GS fell by 0.5% or $-0.5271/share to $104.51. In the past year, the shares have traded as low as $89.88 and as high as $175.34. On average, 8018800 shares of GS exchange hands on a given day and today's volume is recorded at 3529873.
Source
