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O.K., So The SEC Sued Goldman Sachs - Now What?

The SEC's blockbuster announcement last Friday of its civil enforcement action against Goldman Sachs and one of its investment bankers rocked the securities markets and made headlines in the financial press around the world. Undoubtedly because of Goldman's prominence and perhaps also because...

This is "God's Work"?

About a year ago, Lloyd Blankfein tried to burnish Goldman Sachs' post-financial crisis image by arguing in an interview with the Times of London that Goldman was performing God's work by bringing buyers and sellers together to do deals and safeguarding the interests of shareholders. Whatever...

Sex and The City, Goldman and SEC Enforcement

Carrie Bradshaw, the central character of HBO's Sex And The City , was a journalist who wrote about relationships. The show typically began with Ms. Bradshaw pondering some aspect of her current or past relationships and then posing a question which became the topic for the episode. Borrowing...

For SEC Enforcement, What Is the Encore?

The commentary, speculation and second guessing about the SEC's settlement in Goldman may be drawing to a close, or at least diminishing. There is no doubt that Goldman is the most significant market crisis case to come from the numerous investigations the Commission has been conducting. Indeed...

Former Goldman Sachs Director Raj Rajaratnam Ordered to Pay $13.9M Penalty To Settle SEC Insider Trading Suit

NEW YORK — (Mealey’s) A federal judge in New York on July 17 ordered a former Goldman Sachs Group Inc. director to pay a $13.9 million penalty to settle claims with the Securities and Exchange Commission that he provided inside information to a former hedge fund manager as part of an insider...