U.S. Reportedly Opens Investigation of Goldman Sachs

Various news organizations are reporting today that the U.S. Attorney for the Southern District of New York has begun an investigation of Wall Street banking giant Goldman Sachs. The reports state that the investigation resulted from a Securities and Exchange Commission referral of possible criminal activity by the bank. The SEC brought a civil enforcement […]

Goldman Sachs Executives Testify before Congress

On Tuesday of this week several Goldman Sachs executives testified before the Permanent Senate Subcommittee on Investigations. Among those spending the day testifying were CEO Lloyd Blankfein and Fabrice (The Fabulous Fab) Tourre, who was named along with Goldman by the SEC in its securities fraud suit. The hearing picked up where the SEC suit […]

Analysis of SEC Suit against Goldman Sachs

Last week the U.S. Securities and Exchange Commission shocked Wall Street by bringing an enforcement action against Goldman Sachs, the world’s premier investment banking firm. In the suit, brought in federal district court in Manhattan, the SEC charged the banking firm with securities fraud in connection with the marketing of a derivative, specifically a synthetic […]