Market Overview

SEC Issues Statement on Tourre Verdict

Related GS
Capital Markets ETFs Maybe Not Capital Ideas
The Market In 5 Minutes: Are You Tempted To Bite The Apple?
Sidney Weinberg Networked His Way To The Top Of Wall Street (Investor's Business Daily)

“We are gratified by the jury's verdict finding Mr. Tourre liable for fraud. We will continue to vigorously seek to hold accountable, and bring to trial when necessary, those who commit fraud on Wall Street. As shown by this verdict, we proved that Mr. Tourre, as a Goldman Sachs Vice President, put together a complicated financial product that was secretly designed to maximize the likelihood that it would fail, and marketed and sold it to investors without appropriate disclosure.”

Posted-In: News


Related Articles (GS)

View Comments and Join the Discussion!