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...
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
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
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...
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...