Goldman Sachs Settles With SEC for $550 million

Posted by admin
July 15, 2010

(Excerpt) NEW YORK (CNNMoney.com) — Goldman Sachs paid $550 million to settle charges of defrauding investors in a sale of securities tied to subprime mortgages, the Securities and Exchange Commission said Thursday. ….. In a statement, the SEC called the settlement “a stark lesson to Wall Street firms that no product is too complex … to avoid a heavy price if a firm violates the fundamental principles of honest treatment and fair dealing.”

(Excerpt) Read more at money.cnn.com

Corruption

If you enjoyed this post, please consider to leave a comment or subscribe to the feed and get future articles delivered to your feed reader.

Comments

No comments yet.

Leave a comment

(required)

(required)