The SEC announced a few minutes ago that they settled their suit against Goldman Sachs (GS) for $550 million. Goldman did not admit or deny the SEC’s allegations though it acknowledged that its marketing materials for the ABACUS synthetic CDO were incomplete…
Barry Ritholtz of The Big Picture has been out in force lately defending the SEC’s case against Goldman. It started last Friday with this post: “10 Things You Don’t Know (Or Were Misinformed) About The GS Case”. That post was…
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Today’s SEC announcement was a well timed and perhaps not coincidental effort to sway some on the fence Republicans to support a tougher financials bill. – Roger Freeman, Barclays Capital (via Bob Pisani) Disclosure: Top Gun has no position in…
Fascinating post by BeSpoke Investment Group on yesterday’s late day rally (“Shorts Running From SEC?”, BeSpoke Investment Group, August 6). It was led by the most highly shorted stocks after the SEC announced it was charging two firms with illegal…