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Monday, May 3, 2010

Goldman ready to settle

FT
Goldman Sachs is planning to change some of its practices in dealing with institutional clients, a step that could help it settle charges filed last month by US securities regulators. The internal policy revisions come as the US Securities and Exchange Commission steps up demands for corporate governance changes as part of any negotiated settlement. While talks are not under way to resolve the SEC’s allegations that Goldman misled investors during the financial crisis over the sale of mortgage-backed securities, people familiar with each side of the dispute concede a settlement would be in the best interests of both parties. A former top SEC official said the regulator needed to demonstrate there had been real change, while the bank needed to put the uncertainty behind it.

7 comments :

Anonymous said...

What the hell is going on with X?

ten49 said...

i just came on to post about X too, and saw the message above--well,.... buy on pullback? or what about Nucor?

Anonymous said...

do you know why the market is high flying today? are you still not doing anything and just wiating?

Anonymous said...

OSG, CLH will they go much higher?-- benefit from oil tragedy

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