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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.

Goldman Sachs shares have jumped some 4.7% in pre-market trading to around $152 following the announcement of an agreement with the SEC to pay a record $550 million settlement over fraud claims linked to the subprime mortgage investment known as Abacus.

A recent editorial in the Wall Street Journal makes it clear that securitization -- the packaging of thousands of loans into securities -- has all the features of a successful terrorist attack. How so? It entered the financial system without attracting any negative notice at all, found its way into...

For those who remember Mike Milken and the junk bond scandals of the 1980s, the mortgage crisis has a familiar ring. Although the general public thinks of Milken as an "insider trader," the bigger racket, as Ben Stein pointed out in the fantastically educational License to Steal, was more about...