Goldman Sachs London fined for poor disclosure

9th September 2010, Comments 0 comments

The London unit of Goldman Sachs has been fined 17.5 million for failing to disclose that it was under investigation for fraud in the USA by the US Securities and Exchange Commission SEC in the marketing of certain collateralized debt obligations. The UK’s financial services regulator, FSA, fined the firm for controls weaknesses leading to the ...

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