Goldman Admits To Frontrunning Clients Through Its Prop Desk

Does the fact that there was a disclosure absolve them from any liability? either criminal or civil?

 

Several of my electronic platforms have similar language under the 'Terms of Use'.

As to the actual subject of the ZH post, what is described in the letter is most definitely NOT front-running and ZH should know this.

If you want a detailed explanation, see here:
http://fridayinvegas.blogspot.com/2010/01/talking-your-book-vs-frontrunning.html

 

Goldman's email is just a friendly LEGAL reminder to all clients using their "Trading Ideas" that they MIGHT BE treated worse than their top-notch clients.

Nothing more and nothing less.

Yawn.

 

Yes, they do. I challenge you to find me a registered broker-dealer that doesn't.

 

yes. if you don't like the terms find someone else. no one is forcing you to do business with them.