BLOOMBERG NEWS-Goldman Sachs Group Inc. was late in notifying the Financial Industry Regulatory Authority that trader Fabrice Tourre might be sued for fraud by the U.S. Securities and Exchange Commission, according to people familiar with the matter.
Goldman Sachs didn’t update Finra on Tourre’s status until this week, more than two weeks after the SEC filed a lawsuit against him and the firm for allegedly misleading investors about a mortgage-linked security, the people said. Under Finra’s rules, Goldman Sachs should have updated Tourre’s file within 30 days of his receiving a so-called Wells notice from the SEC last year.
.jpg)
Posts
No comments:
Post a Comment