Tuesday, November 9, 2010

Abacused Out: FINRA Fines Goldman in Fab Fab Flap

The Financial Industry Regulatory Authority today slapped extremely effective but imperfect trading operation Goldman Sachs with a $650,000 fine for failing to disclose that two of its employees, including "Fabulous" Fab Tourre, were under investigation by the Securities and Exchange Commission.

The wrist-slap is similar to the one imposed by The U.K.'s Financial Services Authority back in September. The chief difference is in magnitude. The FSA was able to charge Goldman $27 million, or about...

Source: http://www.observer.com/2010/wall-street/abacused-out-finra-fines-goldman-fab-fab-flap?utm_medium=partial-text&utm_campaign=home

HENRY MCMASTER HENRY PAULSON HENRY WAXMAN HHS

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