Abacus CDO

Goldman Sachs Fined by FINRA for Disclosure Delays

Goldman Sachs has been fined $650,000 by the Financial Industry Regulatory Authority for failing to properly disclose to regulators that two of its executives were going to be investigated by the Securities & Exchange Commission, FINRA announced Tuesday.

Judge Refuses to Dismiss SEC Case Against Goldman's Fabrice Tourre

A federal judge refused a request by Fabrice Tourre of Goldman Sachs (GS) to dismiss an SEC fraud lawsuit, months after Goldman settled its part in the case for $550 million. The lawsuit accused Goldman of creating collateralized debt obligations (CDO) and selling it to German investors without telling them that the hedge fund Paulson & Co helped choose the underlying securities so it could bet against them.

Time for Investors to Lower Their Goldman Expectations?

After eyeballing the firm's revealing second-quarter results, maybe investors should start getting used to the idea that Goldman Sachs will no longer be the invincible Wall Street powerhouse it has been all these many years.

Goldman Makes Another Great Deal -- for Goldman

The $550 million SEC settlement is just 8.9% of the $6.2 billion increase in Goldman's market value on the day the deal was announced. And it's an even smaller portion of the cash, backdoor, taxpayer-funded bailout Goldman was handed in 2008.