Goldman fined $10 million, agrees to stop trading "huddles"

Discussion in 'Wall St. News' started by Banjo, Jun 9, 2011.

  1. Banjo


  2. this is whats wrong with the country.

    the fine should have been 500 million.

    what a bunch of shit
  3. Locutus


    Wait, so if Goldman analyst A writes a report that the price of X is likely to go up over the long term and analyst B has a brainstorming session with some clients during which they conclude that in the near term it might be nice to short X that is illegal and ends up costing them $10 million?

    :/ Overzealous regulators.