Goldman Responds To SEC Complaint

It's a jungle out here today. May crude oil -2.65%, SPY closed -1.51%, the SEC charged Goldman with Subprime CDO fraud, and Goldman responded.
Goldman Sachs Makes Further Comments on SEC Complaint
April 16, 2010

New York, April 16, 2010 - The Goldman Sachs Group, Inc. (NYSE: GS) said today:We are disappointed that the SEC would bring this action related to a single transaction in the face of an extensive record which establishes that the accusations are unfounded in law and fact.

We want to emphasize the following four critical points which were missing from the SEC’s complaint... [continue reading here].

From the initial release.
"The SEC’s charges are completely unfounded in law and fact and we will vigorously contest them and defend the firm and its reputation" [read full release at goldmansachs.com]

Related Posts

Comments

HTML Comment Box is loading comments...