SEC

The SEC Nails a Minnow While the Whales Go Free

Why wasn't Goldman Sachs on trial alongside Fabrice Tourre?

Last week, a jury in New York City convicted former Goldman Sachs trader Fabrice Tourre on six civil counts of securities fraud, for selling a toxic mortgage-backed bond to investors without disclosing that an architect of the deal, hedge fund Paulson & Co., also bet on its failure.

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