Tuesday, September 22, 2020
More on Goldman vs the SEC
More on Goldman versus the SEC More on Goldman versus the SEC The Financial Times offers a form of whats going on off camera in SEC argument against Goldman Sachs that repudiates to some degree the one portrayed by John Carney on CNBC and examined on this blog here. The FT form is based, as Carneys, on unknown sources. The FT adaptation accentuates the endeavors Goldman is making to arrive at a settlement on a lesser chargeomission of a material reality, as opposed to misrepresentation. The possibility of a settlement being started on Goldman neither conceding nor denying bad behavior is dealt with impartially as a conceivable result. The piece refers to Brad Hintz of Bernstein Research, who gauges that Goldman may pay a fine of $250 million and remunerate speculators by purchasing out their introduction to the famous Abacus bargain at an expense of $370 million.- posted by brian
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