Apr 20 2010 | 6:54pm ET
Warned last fall that it was likely to face a civil lawsuit over its marketing of a collateralized debt obligation, Goldman Sachs said that it couldn’t tell investors that hedge fund Paulson & Co. was shorting the CDO.
In response to a Wells notice it received in July, Goldman told the Securities and Exchange Commission that “as a broker-dealer acting as an intermediary on behalf of a client, Goldman Sachs had a duty to keep information concerning its client’s trades, positions and trading strategy confidential.”
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…