There is good reason, beyond anger, voyeurism and schadenfreude, for Wall Street and “Main Street” to keep their eyes on the SEC enforcement action against investment banking firm Goldman Sachs & Co and one of its vice presidents, Fabrice Tourre.
According to the SEC’s complaint (pdf), Goldman was paid by one of the world’s largest hedge
Subject to Inquiry
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Global Research Analyst Settlement – What’s In and What’s Out
You need to follow along closely because this can get a bit confusing. As we all recall, in 2003, judgments were entered against 12 of the largest Wall Street firms that issued research and engaged in investment banking, commonly referred to as “The Global Settlement.” The Global Settlement imposed significant restrictions on interactions between the…