Description: It would be easy to overlook the case against Goldman Sachs filed by the Securities and Exchange Commission on Jan. 14. It involved a complex piece of Wall Street plumbing, led to a minuscule $15 million fine and came on the same day that Goldman agreed to pay up to $5 billion to settle prosecutors’ claims that it sold faulty mortgage securities to investors.

Source: NYTimes.com

Date: Jan 29, 2016

Link: http://www.nytimes.com/2016/01/31/business/case-sheds-light-on-goldmans-role-as-lender-in-short-sales.html?ref=business&_r=0

Questions for discussion:

• Summarize the legal issues presented in this report.
• Do you think the outcome will affect Wall Street behavior?