Friday, April 13, 2012
David S. Hilzenrath, Washington Post
Submitted by: Editor
David S. Hilzenrath, Washington Post
Submitted by: Editor
SEC Fines Goldman Sachs $22 Million For Violating Information Sharing Laws
Goldman Sachs is back in the news for "willfully violating" federal law by holding weekly meetings for traders and preferred clients to learn about confidential investment research.
[WAPO] The agency did not accuse Goldman of insider trading, but it essentially said the firm created an environment in which systematic trading based on advance information could have gone unchecked. In this case, the information was the “buy” or “sell” recommendations and other stock analysis by the firm’s own employees.
Sounds like insider trading.
Read Full Washington Post Article
Posted by Editor on 04/13/12 at 01:55 PM •
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