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Tag: Goldman Sachs fraud

The Temptation of Insider Trading: Why Top Professionals Might Slip

by on Mar.02, 2011, under Towing

Rajat Gupta, the former head of prestigious consulting firm McKinsey, faces Securities and Exchange Commission charges of insider trading.

The Securities and Exchange Commission’s insider-trading charges against Rajat Gupta, former head of consulting firm McKinsey & Co., comes as a shock to many. The news comes after another McKinsey director pleaded guilty to insider-trading charges in January. Should we expect more to come?

Continue reading The Temptation of Insider Trading: Why Top Professionals Might Slip

The Temptation of Insider Trading: Why Top Professionals Might Slip originally appeared on DailyFinance on Wed, 02 Mar 2011 21:00:00.

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Goldman Sachs Details Revenue in Bid to Deflect Criticism

by on Jan.11, 2011, under Towing

Goldman Sachs Group (GS) published details on how it earns its revenue as it works to deflect criticism that it puts its own profits ahead of client interests.

The 63-page report, released today, breaks down its revenue to show how much comes from its own trading and investing, The Wall Street Journal said.

The bank faced intense criticism from the public in 2010. The bank also had to deal with a…

Continue reading Goldman Sachs Details Revenue in Bid to Deflect Criticism

Goldman Sachs Details Revenue in Bid to Deflect Criticism originally appeared on DailyFinance on Tue, 11 Jan 2011 09:05:00.

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Goldman Sachs Fined $650,000 by FINRA for Disclosure Delays

by on Nov.09, 2010, under Towing

Goldman Sachs Fined by FINRA for Wells Notice Disclosure Delays

Goldman Sachs has been fined $650,000 by the Financial Industry Regulatory Authority for failing to properly disclose to regulators that two of its executives were going to be investigated by the Securities & Exchange Commission, FINRA announced Tuesday.

Continue reading Goldman Sachs Fined $650,000 by FINRA for Disclosure Delays

Goldman Sachs Fined $650,000 by FINRA for Disclosure Delays originally appeared on DailyFinance on Tue, 09 Nov 2010 16:21:00.

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Goldman Sued by German Bank Over Mortgage-Backed Securities

by on Oct.05, 2010, under Towing

Goldman Sachs Group (GS) was sued by German bank Landesbank Baden-Wuerttemberg for allegedly mis-representing the credit quality of its mortgage-backed securities.

The German bank ended up posting a $37 million loss on the investment.

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Goldman was the placement agent for a mortgage-backed security called Davis Square Funding VI, Bloomberg News said. Thirty-three percent of the…

Continue reading Goldman Sued by German Bank Over Mortgage-Backed Securities

Goldman Sued by German Bank Over Mortgage-Backed Securities originally appeared on DailyFinance on Tue, 05 Oct 2010 07:43:00.

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Legal Briefing: Was SEC’s Goldman Suit Political?

by on Sep.24, 2010, under Towing

In Friday’s legal news, the timing of the SEC’s suit against Goldman Sachs may have had more to do publicity than with advancing the Democrat’s agenda; the delinquent Harrisburg Authority tries to make good on its debts; and the justice department wants to determine policy regarding gays in the military.

Continue reading Legal Briefing: Was SEC’s Goldman Suit Political?

Legal Briefing: Was SEC’s Goldman Suit Political? originally appeared on DailyFinance on Fri, 24 Sep 2010 12:15:00.

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