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.
Date: Jan 29, 2016
Questions for discussion:
- Summarize the legal issues presented in this report.
- Do you think the outcome will affect Wall Street behavior?