Goldman Sachs may not be the only firm in SEC cross hairs – Los Angeles Times


The agency’s fraud suit against the Wall Street giant may foreshadow similar cases against other financial firms and trigger a wave of private litigation.

April 22, 2010|By E. Scott Reckard, Los Angeles Times

The government’s fraud lawsuit against Goldman, Sachs & Co. could portend cases against other financial giants that turned subprime mortgages into complex securities while also accelerating a surge in private litigation against Wall Street.

via Goldman Sachs may not be the only firm in SEC cross hairs – Los Angeles Times.

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