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Goldman in record $550m SEC settlement

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posted on Jul, 16 2010 @ 08:00 PM
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Goldman in record $550m SEC settlement


uk.finance.yahoo.com

Goldman Sachs (NYSE: GS - news) has agreed to pay a $550m (£356m) fine to the Securities and Exchange Commission after admitting that marketing material linked to a controversial $1bn parcel of debt was "incomplete".

The fine is the largest ever paid by a Wall Street firm.
(visit the link for the full news article)


Related News Links:
www.telegraph.co.uk
www.legalweek.com
www.msnbc.msn.com
www.news90.com




posted on Jul, 16 2010 @ 08:00 PM
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Not much to say about it really apart from the amount is probably a drop in the ocean.
Lessons hopefully will be learned but that I guess would be an ideal world where you could trust anyone.
How are financial institutions allowed to do this, do they honestly think that nothing will come of their greed.

uk.finance.yahoo.com
(visit the link for the full news article)



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